Competition Flashcards Preview

Business Finance - GCSE > Competition > Flashcards

Flashcards in Competition Deck (3):
1

How can GG Toys be better than their rivals?

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

2

Increasing competition

New businesses enter market
Selling new products
Cutting prices
Increasing advertising

3

Decreasing competition

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