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1.2.4 The Competitive Environment

Authored by A M

Business

9th Grade

Used 1+ times

1.2.4 The Competitive Environment
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a competitive environment?

An office with lots of colleagues

A market with many businesses offering the same product

A business with no rivals

A workplace with strict rules

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a strength of a competitor?

Poor customer service

Limited product range

Low prices

Remote location

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business most likely to do if a new competitor offers better quality?

Increase prices

Ignore the competitor

Improve its own quality

Close down

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business with a wide product range is likely to:

Confuse customers

Attract more market segments

Increase waste

Lower quality

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a weakness of a competitor?

Strong brand loyalty

Limited opening hours

Good customer reviews

Competitive pricing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

High quality products often mean:

Lower demand

Higher prices

Less choice

Poor customer service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is not a basis for analysing competitors?

Hair colour of staff

Product range

Price

Customer service

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