Competitiveness
What Competitiveness means in Business GCSE, as defined for AQA.
Definitions of Competitiveness
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Reference: AQA
Higher efficiency usually lowers unit costs and can improve competitiveness, but it may require investment, affect employee motivation or reduce flexibility.
How well a business stands out against the many rival products available worldwide when globalisation exposes it to products from many countries.
How well a business can compete, which location factors can affect.
Topics that use Competitiveness
- Business location (AQA GCSE)
- Globalisation (AQA GCSE)
- Production processes (AQA GCSE)
Related terms
- Competition
- Appropriateness
- Batch Production
- Buffer stock
- Business objectives
- Competitive pressure
- Continuous improvement
- Cost and benefit
Using Competitiveness in the exam
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