Competitiveness and profitability
What Competitiveness and profitability means in Business GCSE, as defined for AQA.
Definition of Competitiveness and profitability
Check what you remember
Read the wording for your board, then hide it and explain Competitiveness and profitability in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Lower unit costs and better service can help the business win and keep customers, while lower average cost per unit can raise profit.
Topics that use Competitiveness and profitability
- Motivating employees (AQA GCSE)
Related terms
- Commission
- Cost versus benefit of motivation methods
- Employee retention and productivity
- Financial and non-financial rewards
- Fringe benefits
- Job design and employee responsibility
- Job enrichment
- Motivation
Using Competitiveness and profitability in the exam
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