For firms like Target and Walmart, competition

affects smaller businesses but not large chain operations.
affects larger chain operations but not smaller businesses.
is a problem that has been eliminated in the twenty-first century.
is a rivalry among businesses for sales to potential customers.

Competition is the term which is described as the rivalry among companies selling the similar products and the services in order to achieve or accomplish the market share growth, revenue and profit.

The competition among the business is a contest or the rivalry among the firms or organization to win the revenue. It is the fundamental force, that benefits or advantage the customers as the firms are under the pressure in order to improve the products and also provide or offer the attractive prices.

For firms like Target and Walmart, competition affects smaller businesses but not large chain operations. affects larger chain operations but not smaller businesses. is a problem that has been eliminated in the twenty-first century. is a rivalry among businesses for sales to potential customers.

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For firms like Target and Walmart, competition

affects smaller businesses but not large chain operations.
affects larger chain operations but not smaller businesses.
is a problem that has been eliminated in the twenty-first century.
is a rivalry among businesses for sales to potential customers.