COMPETITIVE ENVIRONMENT

A competitive environment is a system where different businesses compete with each other by using various marketing channels, promotional strategies, pricing methods, etc.

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Direct competitors and undirect competitors are the two main types of competitors.

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Answer explanation

Indirect competitors

There are two types of competitive environment.

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Answer explanation

4 types of competitive environment

An economic structure in which numerous sellers offer identical products to a large pool of customers is called perfect competition.

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Monopolistic competition is the most common competitive environment type.

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SWOT analysis is one of the most popular methods of business environment analysis.

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Corporate governance is a collaboration of different mechanisms and processes that are used by various people running a corporation in order to set a pattern in which the way their corporation works.

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Making conflicts is one of the roles of corporate governance.

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Answer explanation

Resolving conflicts

The roles of corporate governance are resolving conflicts, provides integrity, compliance and visibility of error.

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Porter's Five Forces involves 6 crucial elements.

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Answer explanation

5 crucial elements