Want this question answered?
there are four factors that determines the market structure of a particular industry they are: number of buyers and sellers information and mobility the nature of product. entry and exit of a firm from market.
1) Only one firm in the market (no competition). 2) Significant barriers to entry by other firms exist. 3) Lack of substitute goos for the monopolist's good. 4) Firm is a price-maker.
A market is an oligopoly when a small number of sellers dominate a market or industry. Economists use a set of criteria to determine whether a market form is an oligopoly. These criteria include profit maximization conditions, ability to set price, high barriers to market entry, a small number of firms, long-run abnormal profits, product differentiation, perfect knowledge of cost and demand functions, interdependence on other firms' marketing strategies, and non-price competition.
The four main kinds of economic systems are; command, market, traditional and mixed.
The four main characteristics of perfect competition are:A very large number of small firms: This implies the the actions of a single firm are unlikely to affect the market as a whole.Identical products: There is virtually no distinction between the products sold by the various firms, so customers will pay attention only to the cost of the item.No cost of entry/exit: In other words, it is easy to leave the market if one is losing money, and new sellers can enter without a large start-up cost.Perfect knowledge of the market: Each firm and customer knows the price and quantity of the items sold by everyone.
Counterfeiter , Cloner , Imitator , Adapter .
there are four factors that determines the market structure of a particular industry they are: number of buyers and sellers information and mobility the nature of product. entry and exit of a firm from market.
Attack strategies in marketing are necessary. Regardless of the type of product or service you sell, you are faced with competition on all sides. You may be the market leader, or you may be back in the pack. Understanding where you are and how best to attack the competition can help you capture a greater share of the market and enhance your visibility, customer loyalty, and revenues. Two of the most common types of attack strategies require a strong focus on your competitors' strengths and weaknesses to make the right move. Let's look at each.
1) Only one firm in the market (no competition). 2) Significant barriers to entry by other firms exist. 3) Lack of substitute goos for the monopolist's good. 4) Firm is a price-maker.
A market is an oligopoly when a small number of sellers dominate a market or industry. Economists use a set of criteria to determine whether a market form is an oligopoly. These criteria include profit maximization conditions, ability to set price, high barriers to market entry, a small number of firms, long-run abnormal profits, product differentiation, perfect knowledge of cost and demand functions, interdependence on other firms' marketing strategies, and non-price competition.
Positive Negative Neutral Time Out
The Ansoff Matrix is a strategic planning tool that helps businesses decide their product and market growth strategy. It provides four growth strategies: market penetration, market development, product development, and diversification. It helps organizations assess potential risks and benefits when considering new opportunities for growth.
Capital Market, Money Market, Primary Market and Secondary Market.
Dream Journal - 2011 Entry Number Four 1-4 was released on: USA: 30 January 2012
tell me the answer
of Market, The act of selling or of purchasing in, or as in, a market., Articles in, or from, a market; supplies.
what are the four quandrants named in the BCG Growth-Market Share Matrix