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Card 1 of 23

Why is competition an external influence on a business?

A

A rival can change its price, location or product without the business's permission.

B

The government can change its price, location or product without the business's permission.

C

Customers can change their preferences, location or product without the business's permission.

D

The business can change its price, location or product without the owner's permission.

Card 1 of 23

1.2.4b Impact of competition on decision making Flashcards

  1. GCSE
  2. /Business
  3. /1.2.4b Impact of competition on decision making

23 flashcards on Edexcel GCSE Business 1.2.4b Impact of competition on decision making: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.

Flashcards