economic competition

A Level Economics AQA Revision Notes Individuals, Firms, Markets & Market Failure5. Perfect & Imperfectly Competitive Markets & MonopoliesCompetition & Competitive Market Processes After-sales service Firms offer ongoing support and assistance post-purchase to differentiate from competitors This improves consumer satisfaction and leads to repeat purchases E.g Technical support Packaging Creative and unique packaging distinguishes products and contributes to their unique selling point and consumer appeal E.g Coca-Cola's iconic bottle shape Corporate Social Responsibility (CSR) Firms adapt to social and environmental concerns to show their ethical commitment. This can attract socially-conscious consumers E.g H&M conscious campaign Delivery policies Firms are increasingly offering improved delivery and return policies to attract consumers Improved quality Constant innovation and upgraded features increase sales and maintain competitiveness. E.g Apple's regular release of upgraded iPhones E.g In the entertainment market, Netflix responded to changing consumer wants by creating a streaming platform for movies and TV online and eventually creating their own content. Blockbuster (a video rental firm) failed to adapt, which led to them exiting the market I would just like to say a massive thank you for putting together such a brilliant, easy to use website.I really think using this site helped me secure my top gradesin science and maths. You really did save my exams! Thank you. This website is soooo useful and I can’t ever thank you enough for organising questions by topic like this. Furthermore, the name of the website could not have been more appropriate as it literally did SAVE MY EXAMS! Absolutely brilliant, both my girls used it for A levels and GCSE. It's saves on paper copies, also beneficial exam questions ranked from easy to hard. It's removed a lot of stress from the exams. Lorraine brings over 12 years of dedicated teaching experience to the realm of Leaving Cert and IBDP Economics. Having served as the Head of Department in both Dublin and Milan, Lorraine has demonstrated exceptional leadership skills and a commitment to academic excellence. Lorraine has extended her expertise to private tuition, positively impacting students across Ireland. Lorraine stands out for her innovative teaching methods, often incorporating graphic organisers and technology to create dynamic and engaging classroom environments. Steve has taught A Level, GCSE, IGCSE Business and Economics - as well as IBDP Economics and Business Management. He is an IBDP Examiner and IGCSE textbook author. His students regularly achieve 90-100% in their final exams. Steve has been the Assistant Head of Sixth Form for a school in Devon, and Head of Economics at the world's largest International school in Singapore. He loves to create resources which speed up student learning and are easily accessible by all.