COMPETITION AND FACTORS OF COMPETITIVENESS
Keywords:
classification of comptetition, comptetitiveness, competitive factors, competitive edge, Porter's Five Forces framework, Value chain, SWOTAbstract
This work explores the concept of competition and the key factors that influence competitiveness in modern economies. Competition plays a vital role in encouraging innovation, improving product quality, and increasing efficiency among market participants.. By understanding rivalry factors and other essential steps, businesses and entrepreneurs can develop effective strategies to enhance economic performance and sustain long-term growth in an increasingly globalized world. The aim is to uncover strategic approaches that businesses owners and can adopt to strengthen their market position.
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