Start up costs are much higher in a competitive market. If you have little orno competition, you can be successful with less ads, inventory, employees, ambience etc. Open on a low budget in less competitive market-- do your job so well--- grow grow grow. Become so good that you own your market. Then continue to learn and grow.
markets with high start-up costs are less likely to be perfectly competitive.
Start up costs are much higher in a competitive market. If you have little orno competition, you can be successful with less ads, inventory, employees, ambience etc. Open on a low budget in less competitive market-- do your job so well--- grow grow grow. Become so good that you own your market. Then continue to learn and grow.
B. interdependence: what one firm does in setting prices, determining production levels, investing in R&D, and so forth can significantly affect other firms competitive positions.
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Start up costs are much higher in a competitive market. If you have little orno competition, you can be successful with less ads, inventory, employees, ambience etc. Open on a low budget in less competitive market-- do your job so well--- grow grow grow. Become so good that you own your market. Then continue to learn and grow.
markets with high start-up costs are less likely to be perfectly competitive.
Start up costs are much higher in a competitive market. If you have little orno competition, you can be successful with less ads, inventory, employees, ambience etc. Open on a low budget in less competitive market-- do your job so well--- grow grow grow. Become so good that you own your market. Then continue to learn and grow.
Start up costs are much higher in a competitive market. If you have little orno competition, you can be successful with less ads, inventory, employees, ambience etc. Open on a low budget in less competitive market-- do your job so well--- grow grow grow. Become so good that you own your market. Then continue to learn and grow.
B. interdependence: what one firm does in setting prices, determining production levels, investing in R&D, and so forth can significantly affect other firms competitive positions.
Relationship with humal capital & labour market
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
The difference between a monopoly market and a perfectly competitive market is that in a perfectly competitive market there are many sellers and buyers, the traded goods are homogeneous goods or the same goods and sellers are not free to set prices. whereas, a monopoly market is a market that has only one seller, so buyers have no other choice and sellers have a large influence on price changes.
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
what is the relationship between marketing & economic
By Market Force