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Examples of Competition and Research

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The role of research of trends and competitors plays in the decision to open a business.

1. Give a specific example of how research contributed to the success of a business.
2. Give a specific example of how lack of research contributed to the failure of a business.

It can be short and brief, but needs to be specific.

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The solution discusses the role of research of trends and competitors in the decision to open a business.

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1. A specific example of how research contributed to the success of a business would be the Apple corporation. Apple's world class products with unique and innovative features are a result of a strong understanding about consumer's expectations and unmet needs ...

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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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