Retailers are firms that sell directly to the consumer, wholesalers are the firms that supply the retailers goods to sale to the consumers.
The largest firms are commonly referred to as "The Big Four." These four firms are: Deloitte and Touche, Ernst and Young, KPMG, and PricewaterhouseCoopers.
In 2000, there were approximately 44,000 accounting firms operating in the United States. This number included a mix of large multinational firms, regional firms, and smaller local practices. The accounting industry has seen significant consolidation since then, leading to a decrease in the total number of firms over the years.
It depends how successful the business is
my money
138,600
business markets and consumer markets
based on age and gender
Supply chain.
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When cartels are created, usually in oligopolistic industries, few firms make agreements on things such as production and prices. This ensures that the few firms in the cartel have economic profit and will eventually drive off weaker firms. This usually results in monopolistic behaviors for the remaining firms and eventually the prices catch up to the consumer. Cartels tend to arise in markets where there are few firms and each firm has a signeficant share in the market.
A new entrant represents firms and individual coming into a market with products and services potentially disruptive to the current system. This presents a threat to the business model and products of present, or legacy firms. However, what is a threat to the legacy firms represents a gain to the options and buying power made available to the consumer.
Prices in a collusive oligopoly are unlike to fall, because if prices fall that only benefits the consumer, so the firms will not do it. Also in a collusive oligopoly firms get together and FIX the prices, which answers the question.
The driving force that pushes business firms to produce particular products is primarily consumer demand, which is influenced by market trends, preferences, and needs. Firms analyze market data to identify gaps and opportunities, aiming to satisfy customer desires while maximizing profitability. Additionally, competition and technological advancements play significant roles in shaping product offerings, as businesses strive to innovate and differentiate themselves in the marketplace. Ultimately, a combination of consumer insights and strategic positioning guides firms in their production decisions.
Firms commonly differentiate between consumer groups using demographic segmentation, which includes factors such as age, gender, income, education, and family size. This approach allows businesses to tailor their marketing strategies and product offerings to meet the specific needs and preferences of different demographic segments. Additionally, firms may also consider psychographic factors like lifestyle and values to further refine their targeting.
An economy that depends on a large amount of spending by consumers
market