Page 29 - Business-10

Sample answer:
Yes, competition is definitely good in business. A monopoly gives good returns, but
any businessman has to admit that he is also challenged by the competition. Besides,
competition brings out the best in every service or product. This is good because the
ones who benefit from all this continuous improvement are the consumers or clients.

1. You are presenting at the board meeting of a potential client. You are ex-
plaining why your product, a laptop, is competitive in the aspects below.
a. features
b. reputation of the company
c. price

Sample answer:
Good day! Thank you for allotting time to this presentation. You have made the right
choice to consider the Ultra Slim Notebook. We are proud to say that our item has the
most number of features that cater to different groups of clients. We have applications
that are perfect for students. We are especially proud of a new business finance soft-
ware that is patented to be used only for this kind of laptop. By choosing the Ultra Slim
Notebook you can rely on high quality and durability that only comes from the good
name of Future Tools Mega. All these are offered to you by the Ultra Slim Notebook at
a very reasonable price. You can compare prices at leading establishments today, and
you’ll discover that only Ultra Slim Notebook offers you so much at a very affordable
price. So, I hope that you buy an Ultra Slim Notebook now and experience using the
best at a fair price.

2. You are at a meeting with fellow supervisors and you are reporting about
the following points.

a. Unfavorable status in the market competition
b. Present Strategies for making it on top

Sample answer:
Good afternoon! This meeting was called so that we can discuss some very important
agenda that concern our current standing in the market. The progress report I got yes-
terday shows that we have slid down from our post last semester. If you will look at our
progress in the past two years, you will discover that we have been making very slow
headway in profits. Aside from that, we experience difficulties at the slightest change
in the market. We need to do something about this, or else our competitors will move
way past us and we will be forever stuck in this position. Today, we will discuss strate-
gies that can improve our competition performance. For one, I believe that our prod-
uct should be further improved in order to cope with the quality of our rivals. Once we
have enhanced our product, we can launch a more aggressive marketing campaign.
What other strategies can you suggest to improve our ranking?

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