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The others being finance, operations and human resources of any enterprise, refers to the act of engaging target customers in an effort to convince them to use a particular product or service.
The markets change a lot so it’s important for organisations to keep up with changes going on because if there left behind then they will lose out lot of money because of competition. For example Tape cassette players and record players were once a very huge international market. But eventually CD’s were created and the rest was history.
A lot of competition can have a big effect on other competitions...
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