Business Quote by Margrethe Vestager
“I think any company should compete on the quality of their products, their prices, the novelty they can produce, their services, because that would be fair competition.”
About This Quote
Source Speech: European Commission Competition Policy Remarks, 2020
Fair competition arises when firms compete on product quality, price, innovation, and service rather than unfair tactics.
In simple terms: Compete on quality, price, innovation, service.
Key Takeaway
Focus on delivering superior value.
Themes
competition
fairness
innovation
quality
pricing
Mood
analytical
professional
Type
business
policy
When to use this quote
- Business strategy
- product development
- pricing decisions
- service improvement
Key Concepts
Market economics
regulatory policy
consumer welfare
Questions to Reflect On
- How can firms balance innovation with affordable pricing?
- What role does regulation play in ensuring fair competition?
A Different Perspective
May overlook market dynamics where price competition dominates.
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