Boots

Descrição

This mind map tells you about the advantages and disadvantages of competition and how this can affect both businesses.
tiafisher99
Mapa Mental por tiafisher99, atualizado more than 1 year ago
tiafisher99
Criado por tiafisher99 mais de 9 anos atrás
4
0

Resumo de Recurso

Boots
  1. Competition - Superdrug
    1. Superdrug is also a public limited company, that sells beauty products.
    2. Disadvantages:
      1. .Competition can force you to lower your prices. This means you won't earn a large profit, like you would do if you didn't have competition
        1. Boots, is a pharmacy with the location in most high streets, shopping centers and airports. It sells goods like makeup, soaps, sprays and several other beauty products.
          1. Boots is a public limited company (plc.)
          2. Advantages:
            1. Competition can attract investments from other countries (for large businesses.)
              1. Competition can make you motivated because you will want to do better than your rival.
                1. Competition may introduce your business to new customers leading to capital, which means you may buy some investments, like in advertising
                  1. Competition may lead to you losing customers, as they may prefer your rival.
                    1. Competition can get you the wrong publicity. For example, your rival may use your company in a TV advert to say that it has lower prices. Therefore, you will lose capital.

                      Semelhante

                      Business Studies Unit 1
                      emily.mckechnie
                      Business Studies Unit 2
                      tara.springate
                      1.3.1 Characteristics of Successful Entrepreneurs
                      Molly Hills
                      Unit 1: Business Studies GCSE
                      Libby Rose
                      Unit 3 Business Studies
                      Lauren Thrower
                      BUSS1
                      Sophie Davis
                      The skills needed to be a successful entrepreneur
                      rhiannafordx
                      The skills needed to be a successful entrepreneur
                      Rosie Wallis
                      AS - Buss1 - Formula Cards
                      Sophie Davis
                      How to Turn Business Failure into Business Success
                      Micheal Heffernan
                      Chapter 40: Promotion
                      19leesia