What are five disadvantages of having one major competitor for a product?
- Friday Dec 25,2009 12:00 PM
- By diddy
- In Others
For example, If you have the Pepsi company and one of their major competitors are Coke. What are some disadvantages for that.
Coke, Competitor, Pepsi, Pepsi Company
One Comment
1- the market deducted for at least 50% ..
2- your competitor will concentrate only on you on their selling strategy
3- the competitor will know everything about your product and it’s disadvantage (As there is nobody else they could look at as a competitor beside yours)..
4- the pricing could go down so bad.. as they might try to take you out of market.
5- costs for ads go more as you have to beat the market approach of your competitor
Hope that help
Good luck and have a great day .
.
Recent Posts
Recent Comments
Leave a reply