While camera manufacturers compete with each other

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3. Replacement competition This type of competition refers to businesses that have the ability to replace existing products or services with new solutions that better satisfy consumer needs . For example, the creation of smartphones replaced digital cameras as the new solution for photographic work. make-money-as-a-wedding-cameraman Today, users no longer need to carry a large camera set to take pictures. Smartphone cameras available today are quite sophisticated and come with large enough megapixels, with automatic settings functions that can produce very good picture quality. People who don't have much experience in photography are also able to take high-quality photos.


it seems that smartphone manufacturers have already replaced the camera australia phone number resource function with their own creations. Benefits from competition This competition actually provides advantages and benefits. From a business perspective, it may be seen as a form of disruption that will hinder business. However, from a different perspective, this competition can provide the following benefits. (1) Businesses will offer better quality services Any business that exists today cannot operate in a haphazard manner. Yes, you may be ahead at this point. Customers choose to do business with you rather than with competitors.


But, will this situation last forever? Of course the answer is no. If your competitors feel that their sales are declining because the services and products they offer are of poor quality, then they will do something to provide better service. Merchants need to ensure their businesses remain relevant and become customers' choice, if they don't want their businesses to go out of business. (2) Alternatives to consumers In a healthy competitive situation, the most fortunate party is usually the consumer. Competitors will race to produce products or services that satisfy consumers. Companies will also constantly release new products that are better in quality than previous versions.