The main benefit of a free enterprise system is that all citizens are free to start almost any business they choose and to run it as they see fit (this only applies to legal businesses, of course). Additionally, consumers have a choice between products, manufacturers, and the businesses that sell goods and services. For this reason, competition can get completely out of control within the free enterprise system. When a company introduces a product that becomes popular with consumers, they can expect other companies to create and market the same product and undermine the original manufacturer through competitive marketing and pricing strategies.
In spite of this rabid competition, it is possible to preserve the competitive forces.
The first method of maintaining stable competition is to avoid undermining the other manufacturers by outsourcing to another country. This leads to fewer jobs for Americans and the inability to compete along the lines of pricing. Next, companies should maintain the original quality of the product rather than resorting to less expensive materials and shoddy manufacturing in order to cut costs.
Once an inferior product has been introduced into the market, the integrity of all of the products will be questionable.
One of the most effective methods of competition is the active and creative use of marketing, especially advertising. A good advertising campaign can put a particular brand in the minds of consumers while giving them a product mascot or theme to make it easier to remember the product and its manufacturer. It is unnecessary to resort to spreading negative information about a competitor; it is just as effective to produce a marketing campaign that will associate a particular brand with a particular product.
This method, referred to as “branding”, is a positive method to maintain the competitive spirit without undermining the competition.
Remember! This is just a sample.
You can get a custom paper by one of our expert writers.
Get your custom essay
Helping students since 2015
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order formOnce we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignmentAs soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download