Login
Copyright

What Is a Competitive Environment in Business? - Definition, Examples, Advantages & Disadvantages

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the term used for the dynamic external system in which a business competes and functions

Start Your Free Trial To Take This Quiz

As a member, you'll also get unlimited access to over 70,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Free 5-day trial
It only takes a few minutes to set up and you can cancel at any time.
Already registered? Login here for access

1. What are the advantages of being in a competitive business environment?

2. What are the disadvantages of a competitive environment?

Start your free trial to access this entire worksheet
A premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz and worksheet will access your understanding of competitive business environments. The quiz will test you on such concepts as what a competitive business environment is and what the advantages and disadvantages of these environments are.

Quiz & Worksheet Goals

Use these assessment tools to test your knowledge of:

  • Definition of competitive environments
  • What type of competition is Starbucks vs. Pete's Coffee
  • The type of competition that airlines versus bus lines is

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related competitive business environments lesson
  • Making connections - use understanding of the concept of competitive environments in different contexts
  • Defining key concepts - ensure that you can accurately define main phrases, such as competitive business environment

Additional Learning

To learn more about competitive business environments, review the accompanying lesson on What is a Competitive Environment in Business? - Definition, Examples, Advantages, and Disadvantages. The lesson covers the following objectives:

  • Define competitive environment
  • Learn examples of competitive environments
  • Understand advantages and disadvantages of competitive environments
Support