konkurrenstryck
Konkurrenstryck refers to the pressure that businesses face from their competitors in the marketplace. This pressure can manifest in various ways, including price competition, the need to innovate and improve products or services, and the drive to attract and retain customers. Understanding and responding to konkurrenstryck is crucial for a company's survival and success.
When competition is intense, businesses may be forced to lower their prices to remain attractive to consumers.
Beyond pricing, konkurrenstryck also compels businesses to invest in research and development, marketing, and customer service.