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How to handle fierce competition in business?
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[QUOTE="Alexandoy, post: 74406, member: 25510"] A fierce competition can lead to a cut-throat fight where both businesses will be lowering their prices or giving rebates and cashbacks to the detriment of the profit margin. My take on a business competition should be a friendly one. Talk to the manager of the other business to have a pact on the way you will compete for the customers. A friendly approach can avoid a fierce competition that will hurt both of you. Besides, if there are plenty of customers then there is not need for a fight. A business can co-exist with another business so you can do it. [/QUOTE]
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