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Business markets are classified under various forms: 1.On the basis of competition: Perfect competition,monopoly,monopolistic,oligopoly,duopoly,moopsony. 2.on the basis of area: local,provincial,national,international market 3.On the basis of time: very short period,short period,long period market 4. On the basis of quantity: wholesale and retail market 5. On the basis of legality: open and black market 6.On the basis of goods: commodity and factor market
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What are key customer markets?
•Consumer markets •Business markets •Global markets •Nonprofit/Government markets
What is Proximity to markets?
Proximity to markets is a business strategy used when choosing a location for a business. Proximity to markets for manufacturing plants puts the plant close to the consumers.
What outlets do firms have to sell their output?
business markets and consumer markets
What are factor markets and product markets?
Factor markets are markets for inputs into the workforce, such as labor markets, land markets, and capital markets. They represent items that are factors in the growth of business. Product markets are the the outputs produced by markets such as goods and services.
When compared to consumer markets business markets are?
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What are the two major types of markets?
consumer market and the business-to-business market.
Who are the sellers in a weekly markets why don't we find big business persons in these markets?
Plz give me answer
Which markets are more important to international business?
Markets such as currency and stocks are all important to international business because they help determine the value of various businesses. Investors monitor markets to increase their chances of making money.
What is the scope of business markets?
economic activities performed for earning profits are termed as business
How did railroads change American business?
They allowed business access to markets farther away.
What are the functions of a Business Development Department?
Typically, the Business Development Department of a manufacturer will identify strong potential markets for their product and look for channels of distribution in those markets.
Describe a business opperation in terms of factor markets and product markets?
A business operation involves sourcing inputs from factor markets, where resources such as labor, capital, and raw materials are acquired. These factors are then utilized to produce goods or services, which are subsequently sold in product markets. For example, a furniture manufacturer purchases wood and hires carpenters (factor markets) to create tables and chairs, which it then sells to consumers or retailers (product markets). This interaction between factor and product markets is essential for the business to generate revenue and sustain operations.
