Research Methodology on local and international market forces facing businesses Custom Essay

Background Market forces in the economy in which a business operates always affect its profitability. It is paramount for a business to understand the industry aspects in the market it operates. This helps the business develop strategies that give it an upper hand than other operators in the market. Rivalry in any market is beneficial as it makes enterprises compete to give good services and products. However, stiff competition can also impact negatively on a business.