Study Notes
Market Structures and the Degree of Competition
- Level:
- AS, A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 22 Mar 2021
Very few, if any, businesses operate without facing competition. It is not enough to understand what customers value. A business has to be able to deliver customer value better than the competition.
The ability to do this is heavily influenced by the structure of the market in which a business operates. The more competitive a market is – the harder the task becomes.
In economics, there are four main categories of market structure:
These four categories can be summarised as follows:
You might also like
Marketing Competitiveness (Revision Presentation)
Teaching PowerPoints
Telecoms Takeovers - BT Buys EE in the Battle for Market Leadership
8th February 2015
Watchdog to Examine Sainsbury's Takeover of Home Retail
9th June 2016
Bowman's Strategic Clock Revision Quiz
Quizzes & Activities
Was 2017 the year that independent bookshops turned the corner?
26th December 2017
Sainsbury's and Asda merger comes under scrutiny
24th August 2018