Look at both price and non-price competition within markets.
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Before I can determine how firms compete in my local area, I must first collect some data, which I can use to compare the various firms I have chosen to study. As I am comparing information between the firms, the type of information I use must be the same for each firm inside the five different markets I have chosen to study. I am going to look at both price and non-price competition within markets. Supermarkets I have chosen four supermarkets to study from my local area. They are Sainsburys in Bispham, Safeway in Cleveleys, Tesco in Blackpool and Kwik Save in Thornton. I want to look at price competition between supermarkets so I am going to visit each supermarket and take down the prices of a basket of everyday necessities, which include popular items amongst consumers. Having taken down the prices of the items within the basket of necessities,...

