Certainly the concept of competition has been and will be a challenge for all
students in economic environment in general and business activity in
particular. The essence of strategy formulation is the approach to
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competition. But it is easy to consider competition in a too narrow and too
pessimistic way. Fierce competition in an industry is neither a coincidence
nor luck, although managers complain of the opposite (P. 2008: 23).
From the perspective of competitive environment, both economic theory
and practice have shown and demonstrated that there are many factors that
influence it in different proportions, in its analysis and operating
mechanisms.