it offers a wide variety of goods and services
Consumer sovereignity-they are free to choose and therd would be a wide range of quality products supplied to them
Unrestricted competition
it offers a wide variety of goods and services
advantage is its fpree. Disadvantage is that its not fpree.
The laws of supply and demand are the most important factors in a free-market system.
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
Unrestricted competition
it offers a wide variety of goods and services
advantage is its fpree. Disadvantage is that its not fpree.
The laws of supply and demand are the most important factors in a free-market system.
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
it offers a wide variety of goods and services
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
Having a lower price is an advantage in the market because it increases demand.
In a free market, there is profit to be made by making the free market not a free market. Therefore, a completely free market destroys itself.
The price system is so important to the free market economy because the price system allows a company to compete within the market by setting a price that is fair for consumers and the provider. A fixed price system causes the market to fail if prices of supplies rise.
Target market is important in that it will help in making critical decisions in manufacturing and packaging of products. With a target market, a company is able to take maximum advantage and make profits.
Explain why a niche company might have an advantage in a market would price necessarily be an advantage explain why or why not