Competition – NBC Institute

BMF – MAY 2016 – L1 – SA – Q19 – The Business Environment

Multiple choice question on the most likely result of competition in a market.

Question

Which of the following is most likely to be a result of competition?

A. Development of new products
B. Reduction in product quality
C. High prices
D. More monopolies
E. Market regulation

Answer

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Tags: Competition, Market dynamics, Product Development
Level: Level 1

Topic: The Business Environment
Series: MAY 2016

SCS – Nov 2020 – L3 – Q3 – Competitive advantage

Apply Ansoff's Product/Market Growth Matrix to assess GGOH’s potential market development opportunities.

Question

With the increasing competition in the hospitality industry, GGOH must adopt market development strategies to stay in or ahead of the competition. Apply Ansoff’s Product/Market Growth matrix to assess the extent of the potential market development opportunities available to GGOH. (10 marks)

Answer

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Tags: Ansoff’s matrix, Competition, Growth Strategies, Market Development
Level: Level 3

Topic: Competitive Advantage
Series: NOV 2020

BMF – Nov 2019 – L1 – SA – Q2 – The Business Environment

Question about pricing arrangements between rival firms in an industry

Question

An arrangement between the rival firms in an industry to operate the same policies on pricing is called a/an:
A. Monopoly
B. Cartel
C. Merger
D. Acquisition
E. Strategic Alliance

Answer

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Tags: Competition, Market Structures, Pricing Policies
Level: Level 1

Topic: The Business Environment
Series: NOV 2019

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

Question

Business organisations consider several factors when setting prices for their products. This is to enable them remain competitive and also remain attractive to customers.

Required: State FIVE (5) of these factors. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business operations, Competition, Market factors, Pricing Strategy, Product lifecycle
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2023

BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies

Describe situations that would compel an organization to reconsider its marketing efforts.

Question

b) Identify and describe FIVE situations which would compel an organization to give serious consideration to its marketing efforts.
(10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Strategy, Competition, Market Analysis, Marketing Strategy, Sales Decline
Level: Level 1

Topic: Finance, R&D and marketing strategies
Series: NOV 2017

PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives

Explains key principles of Public-Private Partnership, including value for money, risk allocation, ability to pay, and competition.

Question

Explain the following principles of Public-Private Partnership:

i) Value for money
ii) Risk allocation
iii) Ability to pay
iv) Competition
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Affordability, Competition, PPP, Public-Private Partnership, Risk Allocation, Value for Money
Level: Level 2

Topic: Public sector financing initiatives
Series: MAR 2023

BMF – MAY 2016 – L1 – SA – Q19 – The Business Environment

Multiple choice question on the most likely result of competition in a market.

Question

Which of the following is most likely to be a result of competition?

A. Development of new products
B. Reduction in product quality
C. High prices
D. More monopolies
E. Market regulation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competition, Market dynamics, Product Development
Level: Level 1

Topic: The Business Environment
Series: MAY 2016

SCS – Nov 2020 – L3 – Q3 – Competitive advantage

Apply Ansoff's Product/Market Growth Matrix to assess GGOH’s potential market development opportunities.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ansoff’s matrix, Competition, Growth Strategies, Market Development
Level: Level 3

Topic: Competitive Advantage
Series: NOV 2020

BMF – Nov 2019 – L1 – SA – Q2 – The Business Environment

Question about pricing arrangements between rival firms in an industry

Question

An arrangement between the rival firms in an industry to operate the same policies on pricing is called a/an:
A. Monopoly
B. Cartel
C. Merger
D. Acquisition
E. Strategic Alliance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competition, Market Structures, Pricing Policies
Level: Level 1

Topic: The Business Environment
Series: NOV 2019

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

Question

Business organisations consider several factors when setting prices for their products. This is to enable them remain competitive and also remain attractive to customers.

Required: State FIVE (5) of these factors. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business operations, Competition, Market factors, Pricing Strategy, Product lifecycle
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2023

BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies

Describe situations that would compel an organization to reconsider its marketing efforts.

Question

b) Identify and describe FIVE situations which would compel an organization to give serious consideration to its marketing efforts.
(10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Strategy, Competition, Market Analysis, Marketing Strategy, Sales Decline
Level: Level 1

Topic: Finance, R&D and marketing strategies
Series: NOV 2017

PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives

Explains key principles of Public-Private Partnership, including value for money, risk allocation, ability to pay, and competition.

Question

Explain the following principles of Public-Private Partnership:

i) Value for money
ii) Risk allocation
iii) Ability to pay
iv) Competition
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Affordability, Competition, PPP, Public-Private Partnership, Risk Allocation, Value for Money
Level: Level 2

Topic: Public sector financing initiatives
Series: MAR 2023

Question Tag: Competition

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BMF – MAY 2016 – L1 – SA – Q19 – The Business Environment

Multiple choice question on the most likely result of competition in a market.

SCS – Nov 2020 – L3 – Q3 – Competitive advantage

Apply Ansoff's Product/Market Growth Matrix to assess GGOH’s potential market development opportunities.

BMF – Nov 2019 – L1 – SA – Q2 – The Business Environment

Question about pricing arrangements between rival firms in an industry

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies

Describe situations that would compel an organization to reconsider its marketing efforts.

PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives

Explains key principles of Public-Private Partnership, including value for money, risk allocation, ability to pay, and competition.

BMF – MAY 2016 – L1 – SA – Q19 – The Business Environment

Multiple choice question on the most likely result of competition in a market.

SCS – Nov 2020 – L3 – Q3 – Competitive advantage

Apply Ansoff's Product/Market Growth Matrix to assess GGOH’s potential market development opportunities.

BMF – Nov 2019 – L1 – SA – Q2 – The Business Environment

Question about pricing arrangements between rival firms in an industry

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies

Describe situations that would compel an organization to reconsider its marketing efforts.

PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives

Explains key principles of Public-Private Partnership, including value for money, risk allocation, ability to pay, and competition.

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Question Tag: Competition

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BMF – MAY 2016 – L1 – SA – Q19 – The Business Environment

Multiple choice question on the most likely result of competition in a market.

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SCS – Nov 2020 – L3 – Q3 – Competitive advantage

Apply Ansoff's Product/Market Growth Matrix to assess GGOH’s potential market development opportunities.

You're reporting an error for "SCS – Nov 2020 – L3 – Q3 – Competitive advantage"

BMF – Nov 2019 – L1 – SA – Q2 – The Business Environment

Question about pricing arrangements between rival firms in an industry

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BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

You're reporting an error for "BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure"

BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies

Describe situations that would compel an organization to reconsider its marketing efforts.

You're reporting an error for "BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies"

PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives

Explains key principles of Public-Private Partnership, including value for money, risk allocation, ability to pay, and competition.

You're reporting an error for "PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives"

BMF – MAY 2016 – L1 – SA – Q19 – The Business Environment

Multiple choice question on the most likely result of competition in a market.

You're reporting an error for "BMF – MAY 2016 – L1 – SA – Q19 – The Business Environment"

SCS – Nov 2020 – L3 – Q3 – Competitive advantage

Apply Ansoff's Product/Market Growth Matrix to assess GGOH’s potential market development opportunities.

You're reporting an error for "SCS – Nov 2020 – L3 – Q3 – Competitive advantage"

BMF – Nov 2019 – L1 – SA – Q2 – The Business Environment

Question about pricing arrangements between rival firms in an industry

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q2 – The Business Environment"

BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure

State five factors that business organizations consider when setting prices for their products to remain competitive and attractive to customers.

You're reporting an error for "BMIS – Nov 2023 – L1 – Q2c – Business and organisational structure"

BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies

Describe situations that would compel an organization to reconsider its marketing efforts.

You're reporting an error for "BMIS – Nov 2017 – L1 – Q6b – Finance, R&D, and marketing strategies"

PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives

Explains key principles of Public-Private Partnership, including value for money, risk allocation, ability to pay, and competition.

You're reporting an error for "PSAF – Mar 2023 – L2 – Q4b – Public sector financing initiatives"

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