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When using price competition a business does not want to have the most expensive product on the market True or false?
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How does the producer benefit from business competition?
Producers benefit from business competition by having to develop proficiency to a much greater level in providing their product or service to the market than they otherwise would have if business competition was lacking.
What business model creates a market structure that most closely approximates a market structure of pure competition?
The business model that creates a market structure that closely resembles pure competition is a monopolistic competition. Pure competition is also called perfect competition.
Factors affecting sales of industrial products?
the price of the product..... the competition in the market...... staff training..... awareness level of the product in the market....
Is Product differentiation exists in a market characterized by monopolistic competition?
Yes
What is competitive differentiation?
This is when a business makes their product, or service, different and unique so that is stands out, which helps them when dealing with the competition in the market. This works as people remember things that are different.
How does the producer benefit from business competition?
Producers benefit from business competition by having to develop proficiency to a much greater level in providing their product or service to the market than they otherwise would have if business competition was lacking.
What is marketing description?
Describe the target market and company position in it including information about the market product performance, competition and distribution. This also involves market description, product or business review.
What is a definition and Example of competition?
When business are marketing and selling a similar product or service. The business would have shares of the same market. Two classic examples of competition: Coke v Pepsi and Nike v Addidas
What business model creates a market structure that most closely approximates a market structure of pure competition?
The business model that creates a market structure that closely resembles pure competition is a monopolistic competition. Pure competition is also called perfect competition.
Why did big business support high?
Big business support tariffs because they want to limit competition. If it is expensive for foreign companies to sell goods in the US, businesses in the US can control the market.
Factors affecting sales of industrial products?
the price of the product..... the competition in the market...... staff training..... awareness level of the product in the market....
Company X sells a good where there is a lot of competition. Companies enter and leave the market often.?
Monopolistic Competition
Is Product differentiation exists in a market characterized by monopolistic competition?
Yes
One company controls the market for a certain product there is no competition?
monopoly
What is competitive differentiation?
This is when a business makes their product, or service, different and unique so that is stands out, which helps them when dealing with the competition in the market. This works as people remember things that are different.
What market is pure competition?
Pure Competition is a market situation where there is a large number of independent sellers offering identical products.Pure competition is a term for an industry where competition isstagnant and relatively non competitive. Companies within the pure competition category have little control of price or distribution of product. Advertising, market research, and product development play a very little role in these companies/industries.
What information proces that you have applied the risk management activities?
-Records show your company failed with 15% of its new products to achieve the targets for capturing market share - The product has been expensive to develop and it is imperative that this cost is recovered - There is intense market competition for this kind of product, and 30% market share is an ambitious but possible target
