What new business strategy allow businesses to weaken or eliminate competition?

One effective business strategy to weaken or eliminate competition is through aggressive pricing tactics, such as penetration pricing or predatory pricing, which involve setting prices low to attract customers and undercut competitors. Additionally, businesses can invest in innovation and differentiation to create unique value propositions that set them apart, making it difficult for competitors to match. Strategic partnerships or mergers can also consolidate market power and resources, further diminishing competition. Lastly, enhancing customer loyalty through exceptional service or loyalty programs can help retain customers, making it harder for competitors to gain market share.