Here is the synopsis of our sample research paper on Why Competition is Good for The Laurentian Bank of Canada. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper examines this organization and looks at the effects of competition. bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA907can.rtf
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Unformatted sample text from the term paper:
work together to brainstorm good ideas. When it comes to ideas about the business world, competition is key to the capitalist system and it does often provoke businesses to take
action. If it were not for competition, large monopolies would form, raise their prices and let go of quality concerns. To a large extent, competition keeps businesses honest. In
todays shaky economic climate, competition is still very important, but many businesses have a difficult time making ends meet so some have lost their edge. This is true throughout the
world. Competition has taken a back seat to more relevant issues as companies tread water just to stay afloat. The financial sector is hurting too, and while banks can only
lower rates so much they often react to what the competition is doing. The Laurentian Bank of Canada is an organization that does thrive on competition. It has recently altered
its rates, something that follows what other competitors are doing. Yet, Laurentian seems to take a step above and beyond some other competitors as it makes savvy moves to corral
the market share. Most recently, the organization has chosen to renew an agreement with a stellar company to provide the best customer service possible. With a seeming goal of excellence,
Laurentian does remarkably well, even in the current climate. Some relatively recent news is that Canadas banks are cutting mortgage rates, something that is attribute to a drop in borrowing
costs as well as to changes in the bond market ("Big Canadian Banks Cut Mortgage Rates" A15). Effective November 27, 2008, Laurentian Bank of Canada did indeed cut its rates
("Big Canadian Banks Cut Mortgage Rates" A15). Yet, Laurentian made this move shortly after some other banks did the same thing. For example, the Royal Bank of Canada cut its
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