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[chicnthin]

I believe that when there is competition, the one who would benefit from it the most is the consumers. Sometimes a business is making their product cheaper so it would attract consumer's attention. Also, it would give the consumer different options as there are many available, rather than just sticking to one.

 

[gammarays]

Yes,customers benefit a lot from market competition. Competition increases the supply which helps to reduce price. It also gives everyone options to choose from and better standards because competitors wants to outshine themselves.

 

[SCAMEXPOSER]

When there is competition in the market each company adjust in a way to motivate their customers either through promotions or Price reduction, which ever ways customers win.

 

[Niftyicon]

The consumers are really the ones that reap the fruits of health competition between businesses because they are able to end up with the cheaper and quality products in the bid of the companies to attract them.

 

[Wisdom01]

I think if the price is too cheap due to the competition then the quality of the product might also reduce ,because many companies producing the same goods would start producing based on the price at the market and not for quality

 

[achawaskey]

They simply benefit by making choices, looking for the best quality product and price. The product content matters too and its durability together with popularity.

 

[Saitama]

It depends whether a consumer benefits from competition. When there is competition in the market, consumer has more to choose from. So, a business can make things cheaper to attract customers. But many reduce product quality, to maintain cost which is bad for consumers.

 

[Wisdom01]

It depends whether a consumer benefits from competition. When there is competition in the market, consumer has more to choose from. So, a business can make things cheaper to attract customers. But many reduce product quality, to maintain cost which is bad for consumers.

You are right about this because what have advantage usually have disadvantage too , so its going to affect the consumer to the extent they start going for quality irrespective of the price

 

[Saitama]

You are right about this because what have advantage usually have disadvantage too , so its going to affect the consumer to the extent they start going for quality irrespective of the price

Yeah, customer should always be careful when buying anything. They should never be quick to judge based on only one thing and check everything.

 

[Josemendez]

Once there is competition on a particular business , competitors normally use pricing as one of the basic tools to win the competition ,thus customers will now go for the product with the best price

 

[Wisdom01]

Once there is competition on a particular business , competitors normally use pricing as one of the basic tools to win the competition ,thus customers will now go for the product with the best price

But there would be a stage when the consumer would start going for quality irrespective of the price , since there would be so much low quality products due to the competition

 

[Josemendez]

But there would be a stage when the consumer would start going for quality irrespective of the price , since there would be so much low quality products due to the competition

True , but this depends on the financial strength of the customer . Those who are not really financially strong will not be able to purchase a veery high cost product

 

[Alenrena278]

If there is healthy competition,consumers will benefit more in terms of availabilityty of goods. Consumers have the choice to buy what they like,anytime and at give away prices.most times with quality product available at a cheaper price .

 

[Wisdom01]

True , but this depends on the financial strength of the customer . Those who are not really financially strong will not be able to purchase a veery high cost product

True but who you would want to buy a product that cant last for more than one day , i think despite how poor the are , they would still purchase the products like that

 

[GoldenLady]

True but who you would want to buy a product that cant last for more than one day , i think despite how poor the are , they would still purchase the products like that

When you have only one choice, and that's to buy the cheap but inferior item to ensure ease or survival, people do it.

 

[Josemendez]

True but who you would want to buy a product that cant last for more than one day , i think despite how poor the are , they would still purchase the products like that

There is usually an alternative to a highly costly product which is of moderate quality and affordable . I think that what they will surely go for

 

[sagefave]

In a situation of healthy competition, the product is never scarce and there is no monopoly. The competing businesses strive to offer more customers satisfaction for less value in order to attract more buyers to their product.

 

[BullyMaguire]

This is true, also having a competition is good for the consumers because those businesses needs to do better than what the other is offering in order to get the consumers. Here in my country the network providers are just 2 that's why they're giving the worst services because people don't have a choice.

 

[Reznov]

There are two things that companies compete about : Quality and price, the competition helps both, consumers and company, from a side, consumers buy a lot because : good quality and good price, and companies sell a lot because their products are affordable

 

[a_jerobon]

I believe that when there is competition, the one who would benefit from it the most is the consumers. Sometimes a business is making their product cheaper so it would attract consumer's attention. Also, it would give the consumer different options as there are many available, rather than just sticking to one.

Indeed one of the ways that competition occurs is when one company sells goods and services at a low price and that is so beneficial to the customer. Also, another way of competing is through provision of high quality products and services, the customers gets to enjoy the quality.