The overall objective of providing value to customers continuously and more effectively than the competition is:_________

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16-08-2022
Social Studies

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The overall objective of providing value to customers continuously and more effectively than the competition is:_________

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tutorconsortium341 tutorconsortium341 · Answer 1 · 2022-08-21T16:14:18+02:00

The overall objective of providing value to customers continuously and more effectively than the competition is to create and retain highly satisfied customers.

What is competition?

Competition in economics refers to a situation in which several economic enterprises compete for commodities that are limited by adjusting the marketing mix's four components: price, product, promotion, and site.
According to traditional economic theory, competition drives businesses to create new goods, services, and technologies, giving customers more options and higher-quality goods.
Prices for products are often cheaper the more options there are on the market, compared to what they would be if there was little or no competition (monopoly) (oligopoly).
The number of businesses, entrance obstacles, information, and accessibility/availability of resources are only a few of the factors that affect how competitive a market is on the firm/seller side.

To learn more about competition with the given link

https://brainly.com/question/13686157

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