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I think competition forces a firm to produce great products or services at a cost that is less than competitors'. Thus a firm needs to reduce its cost and gain a competitive advantage which can be derived from optimizing its value chain. By looking at the activities necessary to produce a good or a service, a firm can find ways to improve such key activities resulting in augmenting its production because the firm would have found ways to reduce cost of producing something. So when a firm augments its production competitors need to follow to protect market share. Competition then stimulates production and the market tends to grow or reach a ceiling which forces expansion (product line or new market)
The higher productivity increased competition
agree with all expert answers above
competition motivate the company to develop its products, but if the company do not have new inventions , so it must think about a related or about a new product to balance the lost
so due to the competition, productivity must increase or decrease
peace be up on you
Agree on what made by
Gentlemen Karym and Emmanuel
With all due respect my appreciation
And thanks for the invitation
When there is a healthy compition exists productivity automatically improves, incentive schemes will boost productivity.