<span class="parts-lets">LET'S DISCUSS! 📚</span>

![Competition](//images.ctfassets.net/r30ratzbtbbf/3jLCfxPLNnc4imVp7ijP7f/06e3cc8b66ba7bd49d568e894531a3fb/Gray_Corporate_Gradient_Instagram_Post.png)

<span class="parts-lets">LET'S READ! 📖</span>

### ARTICLE 

![Article](//images.ctfassets.net/r30ratzbtbbf/3K6FmT6jBu1h3HPP7caqHo/b46c9e8127fe1b115fd9211ff115b4dd/Brown_and_White_Modern_Business_meeting_invitation.png)

<div class="parts-question">
  <h3 class="parts-question-title parts-text-red">QUESTIONS</h3>
  <p class="parts-question-text">
1. What will the newly-appointed Chief Executive focus on?</p>
  <p class="parts-question-text">
2. What is McDonald's planning to do? And how will it affect their annual sales?</p>
  <p class="parts-question-text">
3. How is it different from their traditional approach?</p>
</div>

<span class="parts-lets">LET'S PRACTICE! 📝</span>

## 👂🏻 Listening Exercise

__Direction:__ Listen to the audio and answer the questions below. 

#### Benefits of Competitive Markets 

<p><audio controls preload="metadata" controlslist="nodownload" src="https://assets.ctfassets.net/r30ratzbtbbf/3hBKU5BsRAfRO9hQNtXOT0/0ba2a3c2a5c852d1479fd0e45416215d/Untitled_Project__65_.mp3"/></p>

<div class="parts-question">
  <h3 class="parts-question-title parts-text-red">QUESTIONS</h3>
  <p class="parts-question-text">
1. What happens when firms have to continuously compete with one another for sales and market share?  </p>
  <p class="parts-question-text">
2. Who is the ultimate winner of competitive markets? Why?</p>
  <p class="parts-question-text">
3. How do firms succeed in a competitive market?</p>
</div>

## 🗣 Speaking Exercise

__Direction:__ In your own words, explain the key reasons why competition in essential in business.

<br> </br>

![Business](//images.ctfassets.net/r30ratzbtbbf/2UwuTgy8R5Sd4hGB0NNoIL/cb884429bc403b194a068ef31e400f7b/Minimal_Online_Business_Facebook_Cover_Photo.png)

Tabisuta Level: B+ | Can be acquianted common terminologies related to competition.  Can learn abou the importance of competition in the economy. Can use common idioms related to competition. 