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What is a total control on a market for a certain product called?
Wiki User
∙ 10y ago
free market
Wiki User
∙ 10y ago
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As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product?
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
One company controls the market for a certain product there is no competition?
monopoly
What is Marketed Surplus Ratio of commodities?
The quantity of product(farm product) that is keep by the farmer and they do not sell this in the market is called market surplus ratio.
What is the relationship between sales department and purchasing department?
both overseeing the market research both ensures that the is available market for the product both control quality and quantity of the product both plan for production and market schedules
What is a product called that is brought and sold and has value in a worldwide market?
commodity
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.?
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product?
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
What is product trial?
When a business begins to sell its product or services for a short time in a certain section of the market to see if there is a demand for the certain product or service.
Why are patents sometimes referred to as monopolies?
A monopoly is when one person or company has total control over the market for a certain product or service. Like in the Hasbro game of Monopoly: when you own all the properties of the same color, you have a monopoly. If you patent a product, it means that your product is documented so no one can take your ideas and/or designs and claim them as their own. So you are the only one that can claim that product and you have complete control over that product's market. Therefore, you have a monopoly on your product.
What are some typical business strategies?
For merchandising businesses, when a business wants to enter an existing market with a new product, the appropriate strategy is called "product development", and when there is an existing product, the strategy is called "market penetration". When a business wants to create a new market with a new product, the strategy is called "diversification", and when a company wants to introduce an existing product onto a new market, the strategy is called "market development".
What does someone have if they create a monopoly of a market for a particular product have?
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
One company controls the market for a certain product there is no competition?
monopoly
When can say that a certain product has value?
We can say that a certain product has a value when it is sold on Market and if many people demands on it. Products are produced to satisfy our needs and wants.
Who are theoretical consumers?
theorical consumers are the people that would eventually consume a certain product. It is used in market researches to define whether a product can be launched into market sucessfully or not.
What does Product marketing mean?
Market for branded products is called naming product markets.
What is Marketed Surplus Ratio of commodities?
The quantity of product(farm product) that is keep by the farmer and they do not sell this in the market is called market surplus ratio.
