Competitive environment Flashcards
1
Q
What does completive environment mean
A
-it mean that a business is sourded with competition
2
Q
Name all the Things a business wants to do to become completive
A
- Lower Prices
- More coinvent location
- Improve the quality and the customer services
- Target niche Market
3
Q
why does lower prices help a business become more competitive
A
-Prevent customers going elsewhere
- it make you more competitive
4
Q
A Example of competition in a completive environment
A
-small firms selling the same product
5
Q
why does a convenient location help a business become more competitive
A
-Provide more outlets and websites
