Quiz: Competition in Business
AQA GCSE Business 8132
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Welcome to this quiz on competition in business. Test your knowledge with 10 questions!
What does high competition in a market mean for businesses?
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Which of the following are impacts of low competition in a market? (Select all that apply)
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Many businesses try to reduce {{blank0}} by offering unique products or {{blank1}} prices.
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Match the items on the left with their correct pairs on the right
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How can businesses reduce the risk of competition?
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Which strategies can businesses use to compete effectively? (Select all that apply)
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A business produces 500 units at a total cost of £10,000. What is the unit cost?
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Match the items on the left with their correct pairs on the right
What impact does globalisation often have on competition?
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In a competitive market, businesses often improve their {{blank0}} and introduce {{blank1}} products to attract customers.
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