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2.3.5.3a - Competition effects

Syllabus
2017
Objective
2.3.5.3
Level
AS

a - Competition effects

Analyse effects of competitor numbers, size and behaviour.

Use a - competition effects to connect the rule to the data and decision in the question.

This matters because a - competition effects determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply a - competition effects to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: a - Competition effects is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

ConceptA-Level Edexcel Business AS