business unit 12

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Miscellaneous

 

Written by:

Jose B

 

Date added:

January 22, 2014

 

Level:

University

 

Grade:

A

 

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3 / 786

 

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Involving wall-mart and Ikea the competition can be both in direct and direct. It is direct in what I have said above but is also indirect as Wal-mart main products are food based and Ikea specialise in furnishings, in this way they aren't indirect competition. This may clash as Asda and Wal-mart will offer household items at a cheaper price than Ikea so some people might be tempted to purchase Asda's product as they are cheaper and have a better customer service reputation if there is a fault with the product...
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Below I will say the types of competition and how It effects the business in their day to day running and over seas markets. Perfect competition - this would exist in an ideal world. This is a situation were there are lots of buyers and sellers of a product that is identical in every respect. All buyers and sellers of the product have detailed knowledge of the prices being charged by all the firms in the market...
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