Photo AI
Describe a co-operative and a competitive relationship that would typically exist between Mecca and other business organisations. - Leaving Cert Business - Question 1(A) - 2004
Question 1(A)
Describe a co-operative and a competitive relationship that would typically exist between Mecca and other business organisations.
Worked Solution & Example Answer:Describe a co-operative and a competitive relationship that would typically exist between Mecca and other business organisations. - Leaving Cert Business - Question 1(A) - 2004
Step 1
Describe a co-operative relationship
Answer
A co-operative relationship between Mecca Enterprises and other business organizations involves collaboration where both parties work together towards mutual benefits.
In this context, businesses might share resources, such as employee expertise or marketing efforts, to enhance overall service delivery. For example, Mecca may partner with local suppliers to enhance their product offerings, ensuring that both parties benefit from increased sales. This relationship promotes a supportive environment where businesses align their goals, share information, and engage in joint ventures, ultimately leading to a stronger community and enhanced customer satisfaction.
Such cooperation is often formalized through agreements where benefits are clearly outlined, ensuring that all stakeholders understand their roles in the partnership.
Step 2
Describe a competitive relationship
Answer
A competitive relationship exists when Mecca competes with other leisure businesses for customers and market share. This scenario involves businesses striving to outperform each other, often leading to aggressive marketing and pricing strategies.
For instance, if another entertainment venue offers similar attractions at lower prices, Mecca would need to enhance its own value proposition, possibly by improving services or diversifying its offerings to attract customers. In such dynamics, businesses must continually innovate and adapt to maintain their customer base and revenue, often leading to a competitive marketplace that pushes for higher standards and better customer experiences. This competitive environment encourages businesses to enhance their services while ensuring they remain attractive options for consumers.