BENEFITS OF COMPETITION TO STAKEHOLDERS
Competition improves the conduct of managers, as they understand that in such markets only the fittest can survive. This, in turn, improves quality of products and reduces prices for consumers, and maintains or increases market share, and return on shareholders’ investment. Consumers in economies having hitherto restricted competition as in India are reaping these benefits. In a much freer market today they enjoy a wide variety of products and services to choose from, competitive prices, technically updated products and other consumer friendly policies such as easy and installment credit, longer warranties etc. These benefits of competition can be analysed from two aspects: (i) competition in the product ...
Get Business Ethics and Corporate Governance, Second Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
