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Competition Forces a Response

Competition Forces a Response

Competition is rivalry between businesses selling similar products to the same group of customers. It is an external influence because a rival can cut its price, open nearby or launch a better product without the business being able to prevent it.

1.2.4b Impact of competition on decision making Lesson

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

Step-by-step lessons on Edexcel GCSE Business 1.2.4b Impact of competition on decision making. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.

Lessons