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Good or service that can be sold in profitable quantities (within a certain market) on the basis of its price, quality, and service combination preferred by buyers over that offered by competing products.
What else can I help you with?
A significant difference between perfect competition and monopolistic competition is that?
Product differentiation
Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
What are pure competition companies?
Pure competition companies are companies have no control of the price of their product. Their product is standardized throughout all of the companies selling it. There are large numbers of both buyers and sellers of the product.
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
How would quality of product influence competition?
simple better quality of product then more competition will be suggested by similar product companys same goes each way round. Its human nature to progress, to move on to get better.
What is the difference between direct competition and indirect competition?
Direct competition is a company that offers a product that customers may choose over your product. Indirect competition is a company that offers a substitute good.
A significant difference between perfect competition and monopolistic competition is that?
Product differentiation
Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
What are pure competition companies?
Pure competition companies are companies have no control of the price of their product. Their product is standardized throughout all of the companies selling it. There are large numbers of both buyers and sellers of the product.
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
Which idea is inconsistent with pure competition?
product differentiation
What is product positioning?
A definition of how the company intends for customers to view its product relative to the competition - APEX
How would quality of product influence competition?
simple better quality of product then more competition will be suggested by similar product companys same goes each way round. Its human nature to progress, to move on to get better.
What is Horizontal Intergration?
Controlling the prices for a product by eliminating the competition.
What is horizontal intergation?
controlling the prices for a product by eliminating the competition
Are cars an example of monopolistic competition?
Yes. [Product differentiation]
What is a necessary and extremely important by-product of free enterprise?
competition
