Quote by Henry Ford

Competition is the keen cutting edge of business, always shaving away at costs.


Competition is the keen cutting edge of business, always sha

Summary

This quote suggests that competition in business is like a sharp tool that constantly works to reduce costs. In a competitive market, businesses strive to find ways to cut down expenses in order to gain an edge over their rivals. The constant pressure to be efficient and cost-effective serves as a driving force for businesses to constantly innovate and optimize their processes. This competition acts as a catalyst, ultimately benefiting consumers by offering them products and services at lower prices.

Topics

Business
By Henry Ford
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