Answer: The most important factor which can work as a success factor for companies competing for the same kind of customers in the market is conducting the market research to determine the desire of customers and conducting the survey to know the exact requirements of the customers.
Step-by-step explanation:
Four key success factors for competing companies are as follows:
1. Identifying the strategies used by other companies to attract more customers.
2. Identifying the loop holes of the self organizations in past decades and present scenario.
3. Identify the source of gaining more profit.
4. Cite the risk factors before putting the actions into implementations. Like high investment costs , inefficiency of untrained personnel in service, adoption of new technology, and others.