Bitesize Business English #23: Competition

The video tutorial explains the concept of competition, highlighting it as a situation where individuals or groups strive to outperform each other. It covers different contexts, such as workplace promotions and organized events like quizzes or singing contests. The tutorial also delves into business competition, where companies aim to surpass their rivals. The video concludes with a summary of these ideas.

What does competition mean in a personal context?

• A situation where people collaborate to achieve a common goal

• A scenario where individuals try to outperform each other

• An event where everyone wins

• A situation where no one is trying to win

How is competition described in the context of a promotion?

• As a relaxed and non-competitive environment

• As a heated contest with many contenders

• As a situation with no clear winner

• As a guaranteed win for everyone

Which of the following is an example of an organized competition?

• A group of friends playing a board game

• A team meeting

• A casual conversation

• A singing contest

In a business context, what does 'the competition' refer to?

• The customers of a business

• The suppliers of a business

• The employees within a company

• The rival companies in the market

Why might a company avoid certain decisions in a competitive market?

• To reduce their own profits

• To ensure they give an advantage to their competitors

• To increase the competition's market share

• To maintain their market position without aiding rivals