1. Two examples of competition in the business world.
By Matt Kittrell and Brittany Spence

2. Hardware Store
New Hardware Store

3. I will lower my prices more
$6.00
$5.75
$5.00
$5.25
$4.50
$5.50
$6.00
Hardware Store
New Hardware Store
I will lower my prices more
I will lower my prices
OUT OF BUSINESS

4. The Example
The example here is that the business must lower prices to keep up with the competition and satisfy the customers needs.

5. Typewriter
City
Tablet PC
Town
OUT OF BUSINESS

6. The other example
This example is that the business needs to keep coming out with newer and better goods and/or services with the advance in technology.