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EnglandBusinessQuick questions
1.2 Spotting a business opportunity
Quick questions on The competitive environment - Edexcel GCSE Business
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State one way a small business could compete with a larger rival without lowering its price. [1 mark]
What is q2?Show answer
Explain one way strong competition could affect a business's pricing decision. [3 marks]
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