AQA Business - The Competitive Environment
A new range of materials aimed at supporting teachers of the AQA A Level in Business. This presentation is designed to cover the topic of the competitive environment and has been adapted to meet the specific requirements of the AQA specification. The presentation considers the impact of Porter’s Five Forces Model, how and why these factors might change, and the implications of these forces for strategic and functional decision making and profits. It specifically examines the different elements of Porter’s Five Forces model, including an understanding of entry threat (barriers to entry), buyer power, supplier power, rivalry and substitute threat. It then considers how the five forces shape competitive strategy and concludes with a critical examination of the model itself. The pack contains the Quick Fire Five knowledge questions, a short objective test and an essay question all complete with suggested answers.