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Essay text:
Unfortunately, competition on price erodes industry margins and profits.
Standard Machine Corp Management: The fact that a major account has recently resorted to a competitive bidding process to purchase machine equipment communicates that Occidental Aerospace doesn’t fully understand or appreciate the value of Stand Machine Corp’s equipment and services. Standard Machine Corp, a longstanding company that prides itself on innovative, and reliable equipment, and high quality service and training, has failed to create innovative equipment / a competitive advantage in so much in that competitor products can reasonably be compared to their once unmatched superior product...
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