Explain How Rivalry Among Competitors Affects Businesses

question 30

Essay

Explain how rivalry among competitors affects businesses.

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Definitions:

Bulleted

Pertaining to lists organized by bullets, used for clarity and to highlight points or steps in both written and visual materials.

Numbered List

A list organized with items denoted by numbers, typically used for step-by-step guidance, ranking, or to show sequence.

Rational Appeals

Marketing strategies that use logical arguments or factual evidence to persuade consumers of the value or benefits of a product or service.

Emotional Appeals

Emotional appeals are persuasive techniques that aim to evoke an emotional response from the audience to influence their thoughts or actions.