Module 3: The Environment in which Businesses Operate
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Astudiaethau Busnes

Competitive Environment

 

A competitive business culture relates to the competition surrounding it, i.e. the effect of other businesses competing for the same customers.

Competition

There can be local, national, or international competition depending on the nature of the business. For example, a small hairdressing business in Treorchy competes on a local scale with other hairdressers but a large company like Admiral competes with businesses across the United Kingdom which include for example, Churchill and LV.