Marketing Environment

How can the marketing environment increase competitive pressure?

  • The competitive environment includes rival firms’ pricing, products, and promotion, so their actions can change market pressure without the business controlling the timing.
  • A rival can lower prices and make the business look expensive.
  • A new competitor can enter the market and divide customer attention.
  • Competitors can launch better offers that make existing products less attractive.
  • Stronger promotion from rivals can reduce the visibility of the business’s message.
  • Wider distribution by competitors can make their products easier for customers to find.