Industry participants compete based on price, brand, reputation and service. The industry is also subject to external competition from traditional education providers for Finance Test Help.
The reputation of the course or institution among potential students and employers is an important factor in drawing enrolments. Students want a qualification that will be respected by employers and Finance Online Test Help assurance that a college is what it claims Finance Online Test Help. The older sandstone universities benefit from a strong profile here, however accreditation by state or federal government authorities can also help to build reputation.
Following on from this, students enrolled in federally accredited institutions in the region and higher education industries can access federal loans to pay for their tuition, which gives the institution an advantage over other providers Online Finance Test Help.
Institutions compete on the basis of service offered. In online education, students are often working to tight schedules and require flexibility and ease of use. Providers that can offer well-constructed courses in a user friendly format will have an advantage over those that fail to invest in the necessary design and software. Support services are also important for students studying online.
Price is another point of competition. Online education is perceived as a lower-cost training option, which means potential students are looking for value. However, as the industry is still growing, price competition between industry operators is at a low level at this stage.
Online education providers may form strategic alliances with others to create a brand in online education. This has been demonstrated by the seven universities, which have banded together to form Finance Test Help. Finance Test Help and Online Finance Test Help providers under its organization provide assistance eon the finance test. Finance Online Test Help has also used its search engine to bring together numerous online and distance education course providers. These umbrella organizations offer a one-stop-shop of online courses for potential students, reducing confusion in a highly fragmented market. The strategy has worked well to develop credibility and introduce a relatively new product to the market. The alliances also allow institutions to share the costs of marketing and administration involved.
The boundaries between traditional education, delivered in a class on campus, and online education, remain blurry. Most education institutions now offer online services to students, but the degree of online usage varies greatly between them.
Online education has developed out of distance education. Therefore, many existing players now offer online courses in addition to their regular courses. For these providers, online course delivery is a supplement to their established services for both on-campus (internal) and off-campus (external) students. These institutions view online education as a way to increase flexibility in course delivery, thereby widening access to education to a greater number of students.
A factor limiting competition with other education industries is that online education tends to appeal to a different market of students than traditional forms of education (refer to market segmentation section). This has the effect of reducing external competition.