Competitive Environment
Gbogbo ọrọ náà
The only water seller at a remote bus station can charge almost anything. The fourteenth coffee shop on a city street cannot charge a cent more than the thirteen around it, and has to work out what else it can offer instead. Same product, same country, same year. What separates them is not skill or effort. It is how many other people the customer could have bought from.
This topic has two objectives and both of them are about living with things you do not control. In this lesson you will learn what a market and competition actually mean, what competition does to a business's prices, costs, quality and profit, and when a business faces very little of it. Then you will look at risk and uncertainty: why every business faces them, what an entrepreneur is being paid for when they accept them, what a business can do to reduce them, and how producers in developing countries use a lower cost advantage to compete with established rivals in richer ones.
Ebumnobi
- Impact on businesses of operating in competitive markets.
- Uncertainty and risks businesses face.
Maapụ uche
E seela isiokwu a ka ị hụ otu echiche si ejikọta.
Mepee maapụ uche na ngwa
Akwụkwọ Ọmụmụ
Ndetu Nkuzi Zuru Ezu di na Ngwa Green Bridge
Nweta ngwa Green Bridge CBT na ekwenti gi ma o bu kompiuta maka ulo akwukwo IGCSE zuru oke: akwukwo ule ndi gara aga, usoro nyocha, eserese uche, kaadi omumu na nkuzi olu.
Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na Competitive Environment. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which one of the following businesses is most likely to face minimal competition? A. A bakery on a busy high street B. A mobile phone shop in a shopping centre C. The only petrol station for eighty kilometres D. A hairdresser in a large city Answer: C
- Which one of the following is the most likely effect of increased competition on a business? A. It can raise its prices freely B. It faces pressure to lower prices or improve quality C. Its fixed costs fall D. Its suppliers give it longer credit Answer: B
- Which one of the following is a barrier to entry into a market? A. A large number of existing customers B. Low start-up costs C. The need for a government licence that is rarely granted D. Weak brand loyalty among customers Answer: C
- Which one of the following actions genuinely reduces a business's risk rather than transferring it to someone else? A. Carrying out market research before launching a product B. Forming a limited company C. Insuring the delivery vehicles D. Signing a fixed price contract with a supplier Answer: A
- How do businesses in developing countries most commonly compete with those in developed countries? A. Through a lower cost advantage B. Through higher wages C. Through longer established brands D. Through stricter regulation Answer: A
Rue ajuju ndi a n'ime ngwa ahu
Rue ajuju ndi a n'ime ngwa ahu
Akwụkwọ A Na-atụ Aro
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Competitive Environment? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
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