Monday, 15 September 2008

Important Factor of competition

Important Factor of competition:-

The following are considered to be important factor of competition

  1. Nature of Market
  2. The customer ability to switch
  3. The market player ability to exist the market
  4. The industry set up costs
  5. The new entry requirement also know as barrier of new entry
  6. Availability of market space also known as growth opportunity
  7. Long term aspect of product and services.

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