Page 51 - BP2Y 002 Listening Success BT4

A. Listen and answer the following questions. Note taking

1. What is the topic of discussion about? Topic :
business customers

business competition
anti-competitive businesses Main idea :

monopolistic business

2. What is competition?

a situation of two businesses providing different goods to 1 Major point :
st
the same group of people
a situation of two businesses providing different goods to

different groups of people Details :

a situation of two businesses providing the same goods
to different groups of people
a situation of two businesses providing the same goods

to the same group of people

3. What happens when businesses compete?
2 Major point :
nd
Prices go down.
More customers are attracted.

The quality of their product is improved.
Details :
all of the above

4. What happens when a business has no competition?

A monopoly is created.
Prices are lower.

Quality is higher.
rd
3 Major point :
all of the above
B. Check True or False.

1. Competition between businesses is Details :

normally a good thing.

2. When there is competition, businesses try

harder to make a good product.
3. Competition is bad for the customer, but

good for the business.

Unit 8. Competition 51