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A local bakery is facing competition from a new supermarket that sells bread at lower prices.
Description
Competition in the Bakery Market
The entry of the supermarket has led to a decrease in the bakery's sales, prompting the bakery to reconsider its pricing strategy.
- a[3]
Explain how competition affects the pricing strategy of the bakery.
Aim for approximately 3 distinct marking points.
0 of 1 part answered
Answer every part before opening the mark scheme.
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