Analyzing the Factors for Creating Competition among Products

Alvi, Mohsin and Mirza, Mohammad Haris and Khan, M. Mubashir Q. and Aqeel, Beenish and Ikram, Midra (2016): Analyzing the Factors for Creating Competition among Products. Published in: Imperial Journal of Interdisciplinary Research (IJIR) , Vol. 2, No. 7 (9 June 2016): pp. 383-386.

Abstract

There are so many reasons of competition among products; the purpose of this study was to find different factors on which competition was dependent. Hypotheses were generated to find the impact of factors on competition. A cross-sectional design research study was conducts through a survey form where a total of 260 respondents participated. Result was derived with the help of statistical tool i.e. one sample T-test and mean value was assigned 4. The end result concluded that competition is dependent on all the factors (availability of goods, delivery on time, discounted pricing by suppliers, cost of products, quality of products, promotional activities and number of variations) except one factor (product support services). This study to some extend gave a view that product services created no difference for customers to buy but other factors related to cost and quality mattered.

• Item Type: MPRA Paper
• Language: English
• Keywords: Competition, Products, Customer, One Sample T-test,
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; D - Microeconomics > D1 - Household Behavior and Family Economics; D - Microeconomics > D2 - Production and Organizations; D - Microeconomics > D4 - Market Structure, Pricing, and Design; D - Microeconomics > D7 - Analysis of Collective Decision-Making; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

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