increased market competitiveness

How Do Companies Respond to Increased Market Competitiveness?

Companies adopt various strategies to stay competitive. Some focus on innovation to offer unique products and services. Others may improve their operational efficiency to reduce costs and offer competitive pricing. Investing in customer relationships and enhancing brand loyalty are also common approaches. Additionally, companies often engage in strategic alliances and mergers and acquisitions to strengthen their market position.

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What is Market Competitiveness?
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