question archive Find one example of "competing for the market" and "competing in the market" and explain how they are different

Find one example of "competing for the market" and "competing in the market" and explain how they are different

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Find one example of "competing for the market" and "competing in the market" and explain how they are different.

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Competing for the market is the struggle to create a new market and attract customers. It usually happens when a product is making an entry into the market. In contrast, competing in the market means you already have an established product in the market and what you seek to attain are profit and share growth. For example, iPhone 11 is a product of Apple Company, and it is new in the market. In comparison, Samsung s10 is already established in the market. When gaining entry into the market iPhone 11 will be looking to create a new market; therefore, it will be competing for a market already dominated by other companies. On the other hand, after gaining popularity and being established, it will now turn its focus to having more significant sales hence competing in the market.