Answer :
False, when a company expands by developing its own products rather than acquiring a competitor, is not an example of reducing competition.
Competition is a condition in a market when businesses or sellers compete with one another for customers' business in an effort to attain a certain business goal, such as earnings, sales, and/or market share. In this context, rivalry and competition are frequently used interchangeably.
Addressing the demands of your common target audience more effectively than your competitors can be one approach to outperform them. To learn precisely what your customers want when utilizing your goods or services, pose open-ended queries.
By ingeniously creating tales centered around your products, storytelling is a fantastic way to develop your niche. You can become a part of your prospect's lifestyle through the use of stories rather than just being a stand-alone product or service.
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