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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.

 

[Neta Sam]

Ooh, yeah. Now that makes sense. You can increase the quality of the products if you have ready raw materials to manufacture it yourself. That will make customers like your products more.

Yes that the secret, I think we are now on the same page. It's easy when a business man is in charge from the Start of the chain till the finish line of the chain of production you can influence the price, ju like Dangote, he his involved in most of the production chainnsonhe can influence it. Thanks for your understanding.

 

[Hashay]

When there is market competition, there are different products to choose from which lead to different option and maximum satisfaction from tbe best product for consumers.

 

[kaycee001]

consumers benefits from marketing competition in so many ways firstly dere is a break up in price monotony wic doesn't give the consumer any option than to stick to it. Secondly consumers have varieties to choose from n not just sticking to only one option and finally the consumer enjoys bonuses from time to time

 

[silentwatch]

Ussually by the price war or discount everywhere. With thia kind of situation, the price will go lower and it is benefit for the customers. But many bussiness owner do cheat trick by mark up the price first and then give some BIG discount which is still not change the price as before discount..

 

[ELSA-ELI]

Competition on the market is good as it levels and stabilizes the demand of the sort after products and in turn you will not expect inconsistent price adjustments upwards but rather even have a possibility of a downwards adjustment. This will make a consumer benefit by having stable prices.

 

[SCAMEXPOSER]

Competition makes different brands available for consumers at subsidized rate because every company will want to sell faster and retain customers.

 

[Josemendez]

Competition makes different brands available for consumers at subsidized rate because every company will want to sell faster and retain customers.

Well , this is true however there is still possibility of a firm with the best quality of product selling above other products in the end.

 

[SCAMEXPOSER]

Well , this is true however there is still possibility of a firm with the best quality of product selling above other products in the end.

That's possible, this is where preference and size of pocket comes , so the rich will go for the best quality which is not bad in a society.

 

[Hashay]

consumers benefits from marketing competition in so many ways firstly dere is a break up in price monotony wic doesn't give the consumer any option than to stick to it. Secondly consumers have varieties to choose from n not just sticking to only one option and finally the consumer enjoys bonuses from time to time

The variety is one of the main benefit of an open market as consumers get to choose from the diverse products and services.

 

[anil02]

Monopoly is never in interest of consumers. Competition is good of consumers. With competition consumer get better quality product in reasonable price and also get better service

 

[Josemendez]

That's possible, this is where preference and size of pocket comes, so the rich will go for the best quality which is not bad in a society.

Well, when it comes to a health product, the size of the pocket doesn't matter because people will do anything to have a good health product

 

[SCAMEXPOSER]

Well, when it comes to a health product, the size of the pocket doesn't matter because people will do anything to have a good health product

These are exclusive products that competition doesn't really have much impact but quality and effectiveness. I agree with your opinion.

 

[Hashay]

Monopoly is never in interest of consumers. Competition is good of consumers. With competition consumer get better quality product in reasonable price and also get better service

Not in all cases though, some goods are best monopolised to derive the best out of the production and supply of the goods most of which could be ostantenous goods.

 

[anil02]

Not in all cases though, some goods are best monopolised to derive the best out of the production and supply of the goods most of which could be ostantenous goods.

Yes you are right nothing is perfect for all. In India before 30-40 years some products have monopoly so they are charging too much now we have many option so the same product in available in less price

 

[Toolmoney]

I believe competition is healthy for both the producer and consumer, it is highly beneficial for the consumer as he/she can have a whole lot of options to choose from.

 

[anil02]

I believe competition is healthy for both the producer and consumer, it is highly beneficial for the consumer as he/she can have a whole lot of options to choose from.

Yes you are right and we Indian have enough experience of monopoly. Here before 80's we have only 2 cars to buy so we have no much option but now we have enough option and car manufactures also upgrading their products

 

[Toolmoney]

Yes you are right and we Indian have enough experience of monopoly. Here before 80's we have only 2 cars to buy so we have no much option but now we have enough option and car manufactures also upgrading their products

Monopoly is really bad I must say, it doesnt give much chance for choice at all.

 

[microunit]

Market competition is always good for everyone, as monopoly just gives power to the single business and that business might just even abuse that power for their own good

 

[SCAMEXPOSER]

Market competition is always good for everyone, as monopoly just gives power to the single business and that business might just even abuse that power for their own good

There is no how a monopolist would not abuse the opportunity it is either the person will be providing substandard services or selling substandard goods or selling at an exorbitant rate so competition is very very necessary.

 

[Josemendez]

These are exclusive products that competition doesn't really have much impact but quality and effectiveness. I agree with your opinion.

Yeah . People may not want to check for competiors with lower price ,but will still to those with good quality , especially when it is health related product.