The Competitive Environment

?
The amount that people spend in shops is mostly determined by this
Disposable income
1 of 6
This is where one business has complete control over it's market
Monopoly
2 of 6
This is where a small number of large firms dominate a market and charge similar prices
Oligopoly
3 of 6
If a supplier gains power in a market then they are able to charge ....
Higher prices
4 of 6
This is where all firms compete on an equal basis
Perfect competition
5 of 6
This is the strongest business in a particular market
Dominant business
6 of 6

Other cards in this set

Card 2

Front

This is where one business has complete control over it's market

Back

Monopoly

Card 3

Front

This is where a small number of large firms dominate a market and charge similar prices

Back

Preview of the front of card 3

Card 4

Front

If a supplier gains power in a market then they are able to charge ....

Back

Preview of the front of card 4

Card 5

Front

This is where all firms compete on an equal basis

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »