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


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

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

2. What are the disadvantages of a competitive environment?

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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