Tag: impact
-
Impact of Competition
Impact of competition on business Competition mostly has positive impact Businesses strive to achieve efficiency Sales are reduced as another business is also providing the same king of product Businesses have to provide greater variety to the consumers
-
Increased competition
Impact of increased competition on consumers Positive impact High quality products Lower prices More variety provided Negative impact May have to pay more if competitors engage in a marketing war Impact of increased competition on business Positive impact Operating at efficiency Negative impact Unable to earn abnormal profits Less money available to grow big…
-
Tax changes affect business
How different tax changes affect business The tax which affects the business is called the corporation tax This is a tax which businesses have to pay If there is an increase in this tax it will have the following affects: Lower profits Less money for reinvestment New businesses discouraged to do business
-
Need for intervention
Identify need for intervention To stop consumer exploitation in the hands of the business The managers may provide unsafe working conditions to employees to safe money Production of harmful goods Consumers are weak and innocent