In this course, you will discover how business competition drives innovation and productivity. You will learn why consumers seek out substitutions for products. You will also find out what is needed to assess a competitive advantage and how specialization
and continuous improvement help drive advantage in the marketplace.
Learning Objectives
- Define business competition
- Identify the benefits of competition
- Explain the reasons why competition arises in a market
- Summarize why consumers seek out substitutes
- Describe how specialization, continuous improvement, and skills enhancements help drive productivity
Language: English
Estimate Time (Hrs.): 0.9