Fair Competition

Fair Competition

Fair Competition Jonathan Poland

Fair competition refers to competition between businesses that is open and equitable, allowing all participants to compete on an equal footing. Competition is an essential force in economics that drives innovation and improvements in prices, quality, and customer experience. However, competition can also be challenging for businesses, and some may try to reduce competition through unethical or unacceptable behavior. To ensure that competition is fair, societies often establish rules and regulations to prevent such behaviors. Examples of fair competition might include:

  1. Prohibiting businesses from colluding or forming cartels to fix prices or divide markets.
  2. Prohibiting businesses from engaging in deceptive or misleading marketing practices.
  3. Requiring businesses to disclose information about their products or services to enable consumers to make informed choices.
  4. Prohibiting businesses from engaging in predatory pricing or other practices that are intended to drive competitors out of the market.
  5. Ensuring that businesses do not have an unfair advantage due to their size or market power.
  6. Prohibiting businesses from discriminating against customers or suppliers based on factors such as race, gender, or nationality.

Overall, fair competition is essential for the functioning of a healthy and dynamic economy, and for ensuring that consumers have access to a range of quality products and services at competitive prices.

Learn More
Big Picture Thinking Jonathan Poland

Big Picture Thinking

“The big picture” refers to the broadest possible perspective that can be taken in a thought process. Big picture thinking…

Product Cannibalization Jonathan Poland

Product Cannibalization

Product cannibalization refers to the situation in which the sales of one product within a company’s portfolio negatively impact the…

Sales and Operations Planning Jonathan Poland

Sales and Operations Planning

Sales and operations planning (S&OP) is a process used by companies to effectively align their sales plans with their operational…

Autonomous System Jonathan Poland

Autonomous System

An autonomous system is a system that is capable of functioning independently, without the need for human intervention. Autonomous systems…

Direct Marketing Jonathan Poland

Direct Marketing

Direct marketing is a type of marketing that involves communicating directly with potential customers in order to generate a response…

Cross Sellilng Jonathan Poland

Cross Sellilng

Cross-selling is the practice of selling additional products or services to existing customers. In a single transaction, this might involve…

Gap Analysis Jonathan Poland

Gap Analysis

A gap analysis is a method used to determine the distance between an organization’s current state and its desired future…

Travel Expenses Jonathan Poland

Travel Expenses

Travel expenses refer to the costs associated with traveling for business purposes. This can include expenses such as airfare, hotel…

Schedule Risk Jonathan Poland

Schedule Risk

Schedule risk refers to the risk that a strategy, project, or task will take longer than expected to complete. A…

Search →

Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and people are the driving force regardless of where they fit in the value chain. People drive profit by bringing products and services to market. Profit drives progress by allowing for new ideas to form with the excess capital. That’s why you join Key Bridge.

Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and people are the driving force regardless of where they fit in the value chain. People drive profit by bringing products and services to market. Profit drives progress by allowing for new ideas to form with the excess capital. That’s why you join Key Bridge.