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Q: What dominates the market by offering a huge variety of one type of product?
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Generic Market vs product market?

A generic market is a market with 'broadly similar' needs and sellers offering various, often diverse ways of satisfying those needs. In contrast, a product market is a type of market with 'very similar' needs and sellers offering various close substitute ways of satisfying those needs.


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cost of labor a change in the demand for the product the number of sellers offering the product


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Product advertisements is when you market the goods or services your company is offering globally. This follows, business ads and different promotion in recognition to the product.


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Undifferentiated mass marketing 4 example in short?

Offering one product to the entire market, with not much market segmentation. Everyone is assumed to want the same product and therefore have the same needs.


What product does Holiday Market sell?

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Which countries does the market system dominates?

Hong Kong, Great Britain, and China


Why do think marketers and advertisers need to understand who their target market is before positioning their product in advertisement?

There's not much point in offering a product to a market that doesn't want or need the product. Advertising mediums can be expensive, advertising that doesn't work is a waste of money. Finding the right (most opportune) market improves the likelihood of success in your advertising.


What is an example of a product market?

A product market refers to the businesses and customers that are affected by a product. A product market can be regional or national.


Because of the influence of the IBM-compatible PC what dominates the computer operating system market?

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What is the name given to a company that dominates a market and is the only company that produces a particular item?

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