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business - Coggle Diagram
business
1.2
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1.2.4
competitive environment
the environment of going into market is that you will have to complete with better company's that can just lower there price if you get to good in the market
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1.1
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1.1.1
new +business
If it is a brand new business idea then customers may be impressed as they have never seen anything like it before which could lead to your reputation being improved and therefore you are able to charge more for your products resulting in higher profits.