I work for a animal testing site
Just the other day i was talking to my friend and he was telling me about a gang of animal activists are planing to come into our offices and smash our ...
My district manager won't promote me. I have 10 years of hotel experience , been a hotel manager before but still won't promote me. I sent to my Vice President 2 email with suggestions to ...
Since this new change, I have had nothing but trouble with non-paying bidders and buyers who are nothing more than whingers - I recieved negative feedback for the item being second hand, yet it was ...
I just received several emails asking if I had spoken with a client on Friday. That was my last day at my old job and Monday I started in a new department. Do I have to email or call them back ...
He is claiming to be part of wal-mart international and has offered me a job receiving and sending packages and payments at my home. By doing this job I would receive monthly payments from him and 10...
The basic idea is that their customers pay you and then you send these funds to the company that is somewhere overseas. I have seen these for companies based in China, Hong Kong, Japan and now Togo A...
As of now, I am a nursing student and will graduate after 4 years. I will then enter medical school and after graduation will take my specialization in the US. After I graduate in my scpecialty, I ...
me
Why is competition good for businesses and their workers?
To put it simply (and the world isn't really this simple...):
Businesses must compete with better prices and/or better quality in order to attract customers, and to avoid losing too much business to competitors.
They must also compete with wages and benefits in order to attract and retain better quality employees.
Unfortunately, in today's regulatory atmosphere, the market is all but strangled, and so is not allowed to act freely. Many corporate decisions are made for political reasons rather than economic, and as a result, a large corporation will likely turn to the government to use force on their behalf.
This way they're no longer required to honestly compete for the business which has been handed to them, and they may also use similar tactics to keep employee costs down.
TAT
It makes people try harder. It creates new products and better efficiency and keeps monopolies from controlling the people.
investing1987
increases wages and benefits and competion
bennyta b
1. It forces them to be the best in their field
2. It forces companies to look for new answers to old questions and be more innovative rather than just riding on what's been created previously.
3. It drives prices down to make it more attractive to consumers, thereby increasing demand for *their* product/services. This demand keeps the workers busy and may even require additional workers. Once everyone is "won over" they can gradually increase their prices and current customers are not likely to stray, unless they don't keep up with expectations.
Ezz
Increase in wages and benefits, also business can take advantage of competitors prices and go lower. Also can benefit both by producing more technology etc.
Homepage 
Financial
Forum 
Corporations 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
