Business A-Level
market conditions and competition
What market conditions and competition means in Business A-Level, as defined for AQA.
Definition of market conditions and competition
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Read the wording for your board, then hide it and explain market conditions and competition in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Market conditions such as recession lower demand, and intense competition limits a firm's ability to pass cost increases on.
Topics that use market conditions and competition
Related terms
- demographic, environmental and fair trade factors
- income elasticity of demand
- interest rates and gearing
Using market conditions and competition in the exam
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