G10 T1 Competition

• Business Studies
• Secondary Education

Monday, 11th of September 2023

Put the elements under the correct segmentation group.

You have been learning about market segmentation. 

Can you put the elements under the correct segmentation group? 

wordwall.net

What is today's main topic?

1. Business Profits
2. Competition
3. Gender Segmentation
4. -

Competition is when businesses sell ______ goods or services to the _____ ________ market.

1. similar, some, target
2. same, similar, consumer
3. similar, same, target
4. -

Are the companies KFC and Cheesecake Factory in competition? Why/why not?

1. yes
2. no

Market share is the _____ of total ______ in an industry by a particular _______.

1. percentage, sales, company
2. present, buys, consumer
3. sells, company, industrial
4. -

Profit is the money it costs to make the products a business sells.

1. true
2. false
3. -
4. -

Why are some businesses in competition?

1. To get more customers to sell less products.
2. To get more customers and decrease market share.
3. To make more profit by selling more products and increase market share.
4. -

Competition means better quality of goods and fair prices.Who benefits from this?

1. businesses
2. customers

Competition means increased market share and profits. Who benefits from this?

1. businesses
2. customers

Write two examples of niche products and mass products.