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You're going to have companies competing on the basis of trust.
"We're not competing on the basis of who raises more money," the former governor said.
"There are competitors to mutual funds -- like exchange-traded funds -- that are competing on the basis of transaction costs and liquidity," he said.
"It's good for consumers for the health care industry to be competing on the basis of quality". said Naomi Meyer, a health care analyst at Consumers Union in San Francisco.
Aside from competing on the basis of price (check-cashing fees can be brutal) and convenience (a prepaid card can be used to pay a utility bill online, for instance), at least some of this plastic purports to offer something less quantifiable.
The trick for companies like I.B.M. is to figure out what work to do where, and, more important, to keep bringing in the kind of higher-end work that needs to be done in this country, competing on the basis of specialized expertise and not on price alone.
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Most importantly, it will also compel providers to compete on the basis of price, quality and service, as they meet the one force that creates real incentives for good performance, innovation and safety: the consumer.
Most banks prefer to compete on the basis of "relationships".
"They competed on the basis of raising prices.
Those markets competed on the basis of speed.
"Intel wants to compete on the basis of capital," he said.
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