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Topic: |
Business
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Number of pages / Number of words: |
8 / 1973 |
Essay's paper body
Poor quality and services provided by Morgan Stanley caused dissatisfaction within customers. This eventually led to the downfall of their business when customers decided to switch over to their competitors who offer better services. Normally, customers will be easily attracted to low prices. Hence, Morgan Stanley should play their part by keeping track of the pricing of its substitute...
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Normally, customers will be easily attracted to low prices. Hence, Morgan Stanley should play their part by keeping track of the pricing of its substitute. The existence of barriers makes it harder for new competitors to break into the financial service industry. There barriers include licensing agreement, exclusive access to natural resources, and more importantly the governmentâs rules and regulations (Sender 2008)...
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