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Telstra is seeking acquisitions to increase growth amid rising competition.
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But they face rising competition from pharmacy managers owned by large insurance companies.
Fairtrade is also facing rising competition from rival ethical labelling systems, such as the Rainforest Alliance.
As Mr Ralfe says, rising competition in both the mining and marketing of rough gems explains it.
As productivity rose, competition intensified, bringing fresh waves of innovation," the institute explains.That is why innovation matters.
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Microsoft has also increased its investment to meet the rising competition from Internet software and services companies, led by Google.
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