Competitive Strategy

Competitive strategy in businesses has a lot to do that helps businesses stay competitive.

Many businesses strategize from cost on low prices and compete with other businesses prices, everywhere or even just locally depending on the type of business that is being run, but mostly within an industry segment.

Quality also plays as a factor for competitive strategy for businesses the quality of a product can be good but the businesses still watch their pricing to keep it competitive towards their rivals.

Better product/service is performed as a competitive strategy as well, and many businesses have this similarity in this category, pricing low for good quality can be risky from some businesses but as long as they are strategize themselves their rivals.