Question

Please answer the question but not repeat the available answer

Reality of competition: companies are competing to attract 4 mln customers in Oman.

Which pattern will they mostly use?

- "Big fish" will eat "big fish" and there is space for "small fish"

- "Big fish" will not attack the other "big fish", but eat the "small fish"

- Other patterns?

Reflect on that

Answer 1

Answer = correct option is B

Companies are competing to attract 4 mln customers in oman The pattern they mostly use is "big fish" will eat "big fish" and there is space for small fish. As you know banking sectors play a very crucial role in development of the economy and usually they follow this pattern. In the year 2017 , bank Muscat ranked first position in earning profits and then followed by second place is NBO and third place Dofar bank and all these three local banks are acting as big fish and trying to eat other and thus it results in giving space small fishes like HSBC oman , sohar international etc