STUDY OF COMPETITIVENESS IN BUSINESSES AND FACTORS AFFECTING IT

Abstract

There are various factors that significantly affect the competition in the business, the successful future of the company and its position in the market. In particular, it is worth noting that the impact of these factors may vary depending on the specific industry, market segment and individual development. In addition, external factors such as economic conditions, social stability and sociocultural trends can also affect competitiveness. Competition has been an integral part of most types of business for centuries. One of the main goals of the companies should be to maintain the balance of competitiveness in order to "stay afloat". Any business that can't keep up with its strategies competitors and lags behind is doomed to decline. And the most important way to maintain the balance of competitiveness is to deeply study the factors affecting competitiveness and to have a serious amount of valuable information about it. The author Davudov Huseyn son's of Fuad conclusion based on the scientific work prepared is that competitiveness is something that most business areas must hold in their hands, without this factor, they are doomed to decline in a short time. The scientific novelty of the article is the classification of competitiveness from different points of view and the consideration of the topic of competition on different scales based on the pyramid of competitiveness developed by the author.