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What is a Market where Many companies sell products that are similar but not identical?
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What is the process of integrating companies that manufacture similar products in order to gain a greater share of the market?
horizontal expansion
How do companies benefit by offering sustainable products and services?
By improving their public image by supplying the market with their products.
What ethical responsibilities do companies that market products having potentially adverse health effects have to consumers?
Companies that produce or market potentially harmful goods have a duty to warn customers. Most companies place disclaimers on their packaging to meet this requirement.
What is meant by the term 'market competition'?
That means that others are putting pressure to keep the prices down. If two or more companies manufacture or sell similar products, both are motivated to keep the price down so that they can compete.
How do tractor companies market their products in rural markets?
face to face with logical clients, "door to door."
What is a market structure in which companies sell products that are similar but not identical called?
monopolistic competition
What is a market structure in which many companies sell products that are similar but not identical?
monopolistic competition
What is a market structure in which many companies sell products that are similar but not identical called?
monopolistic competition
A market structure in which there are many firms selling products that are similar but not identical is known as?
monopolistic competition
What is the process of integrating companies that manufacture similar products in order to gain a greater share of the market?
horizontal expansion
What is monopolistic competition?
In a monopolistic market a large number of sellers or producers sell differentiated products.It differs from perfect competition that the products sold by different firms are not identical. that is why in a monopolistic market sellers can sell differentiated products in slightly different prize.As example Nokia sells its Music Express phones in slightly higher prize than the other music phones of other companies because of its differentiated features.
How might established companies be affected by the new products entering their industries?
Companies's market share will be affected by new products. Customers may switch to the new products.
What type of market structure is subway?
Subway's market structure is a monopolistic competition. Subway competes in its industry in terms of similar price points for its products along with having similar products.
How do companies benefit by offering sustainable products and services?
By improving their public image by supplying the market with their products.
Is it true that one of the four conditions for perfect competition is identical products also called commodities?
There are a lot more than four conditions, but "homogeneous" products (there's no such thing as identical products) are one of the ways you tell if a market is operating under perfect competition.
What is the profile of krispy kreme donuts' target market?
Probably a good profile for companies wishing to market diet aids and fitness products.
What is the definition of a market?
A competitive market is defined as a marketplace where there are a lot of producers of similar products. The more choice there is for products the more likely that price competition will exist and keep prices in check
