What are the basic collection and management methods to keep a business competitive?

Instructions

Each essay will be a minimum of 2,500 words. You may extend to 3,000 words (approx. 1012 pages). There must be at least six high-quality peer-reviewed sources plus the course textbooks. Both the Bartlett (2013) and the Merida (2015) course textbooks are required sources. These two projects require substantial pre-work to research the topics, locating high-quality sources, and formatting each essay to strict APA requirements.

Answer

IntroductionBusinesses continually face threats during their operations. The threats are from diverse external factors. Some of the common threats affecting firms include political interventions, unfavorable laws, economic conditions, and fierce competition. The latter is the most dominant but the management has a chance of regularizing. Business competition is present, majorly among entities and individuals. One example of a significant competition is between Pepsi and Coca Cola. The beverage makers are famous for their competition that incorporates time, distance and culture. In one case, the approach of competition was lawsuits. Coke deemed Pepsi an imitator. Pepsi has been trailing Coke a distant second but the formers entry in beverage market shook Coke. In recent times, business riva...

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