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Business Finance - GCSE > Competition > Flashcards

Competition Flashcards

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1
Q

How can GG Toys be better than their rivals?

A 
Lower prices 
Quicker delivery 
Increased quality 
Wider range 
E commerce 
Branding 
Customer service and
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2
Q

Increasing competition

A

New businesses enter market
Selling new products
Cutting prices
Increasing advertising

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3
Q

Decreasing competition

A

Taking over or merging

Internal growth - if sales are successfully increased at the cost of another business this could cause them to fail

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Business Finance - GCSE (10 decks)

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