Business is a hard world. It’s full of cut-throat ethics, hard
decisions and even harder people, but it can also be a very
lucrative world, if you’re in the right industry that is!
The ideal business operates in a high-demand, low-competition
market – but these rarely ever last for long. “Supply-and-
demand” means that once a highly-demanded product comes
on the market, businesses that can supply those products are
quick to pop up. This also generates competition between the
businesses as each vies for their target customer base.
In business, competition is healthy, if not always lucrative. It’s
not only good for the economy, it’s good for consumers too.
Highly-competitive markets means that businesses battle for
the people’s buck by lowering their prices, offering good
package deals, providing excelling service, etc…
Another bonus in highly competitive markets, is that it makes
for some interesting stories! When two rival huge tycoon
businesses, selling similar products, come head-to-head the
results can be interesting, to say the least!
Let’s take a look at some of the greatest business rivalries that
we have seen to date.