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\nUnderstanding the Competitive Environment for Businesses\n

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\nThis video discusses the competitive environment in which businesses operate, and how competition can both encourage innovation and creativity while also being damaging to individual businesses. The speaker emphasizes the importance of...\nThis video discusses the competitive environment in which businesses operate, and how competition can both encourage innovation and creativity while also being damaging to individual businesses. The speaker emphasizes the importance of understanding competitors and offers five key areas in which businesses should analyze their strengths and weaknesses. The impact of competition on businesses is explored, including potential consequences and unethical practices that may arise.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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7:36
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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business, competition, pressure, products, time, terms, strengths
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Additional Tags

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gcse, theme, module, 1.2.4, the, competitive, environment, competitive environment, encourages businesses, rival firms, market, firms, service, thing, product, businesses, operate, innovate, give, services, ideas, result, understand, competitors, price, sort, good, quality, lots
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding the Competitive Environment for Businesses\" href=\"/subscription/new\">\"Understanding\n\n
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