Dynamic Markets (Edexcel A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
Dynamic markets
Dynamic markets
Markets that experience continuous change over time
Online retailing (e-tailing)
Online retailing (e-tailing)
Retailing goods online with home delivery
% of online shoppers using click & collect by 2014
% of online shoppers using click & collect by 2014
A quarter (25%)
BRIC countries
BRIC countries
Brazil, Russia, India, China
Five key drivers of market growth
Five key drivers of market growth
Economic, innovation, social, legislation, demographic changes
Flexibility as adaptation strategy
Flexibility as adaptation strategy
Culture of flexibility in organisation & working practices
Niche strategy
Niche strategy
Serving a small, specific market segment profitably
Competition
Competition
Rivalry between businesses in a market
Risk in business
Risk in business
Committing resources that could be lost
Uncertainty in business
Uncertainty in business
External influences beyond business control affecting market