Buy custom Company's External Environment
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 726 |
Essay's paper body
where the technology is being developed very quickly – the mobile phone market.
A business could react to an increase in competition (e.g. a launch of rival product) in the following ways:
- Cut prices (but can reduce profits)
- Improve quality (but increases costs)
- Spend more on promotion (e...
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do more advertising, increase brand loyalty; but costs money)
- Cut costs, e.g. use cheaper materials, make some workers redundant
Social Environment and Responsibility
Social change is when the people in the community adjust their attitudes to way they live. Businesses will need to adjust their products to meet these changes, e...
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General points of the essay
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