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The right to sell a good or service within an exclusive market?
Wiki User
∙ 13y ago
In the world of business, the right to sell a good or service within an exclusive market refers to a situation where a particular individual or entity has the sole privilege to offer and distribute a product or service in a specific market or geographical area. This exclusivity grants them a competitive advantage by limiting competition, allowing them to control pricing, and potentially increasing profits. Here's a clear and concise explanation of the concept, along with some examples to help you understand better:
Key Points:
1. Exclusive Market Definition: An exclusive market is a specific segment or territory where only one seller or a limited number of sellers are allowed to offer a particular product or service. This can be due to legal agreements, patents, licenses, or other arrangements.
2. Monopoly and Oligopoly: The right to sell exclusively often results in a monopoly or oligopoly situation, where the seller gains significant control over the market, limiting consumer choice.
3. Legal Protection: Exclusive selling rights are usually legally protected. For instance, a company may secure a patent for their invention, granting them exclusive rights to produce and sell it for a specific period.
4. Examples:
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Patented Pharmaceuticals: Pharmaceutical companies invest significant resources in research and development to create new drugs. When they obtain a patent for a novel drug, they have the exclusive right to sell it for a certain number of years before generic versions can enter the market.
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Franchise Agreements: Franchise businesses often offer exclusive territories to their franchisees. If you own a fast-food franchise, you may have the exclusive right to operate within a particular city or neighborhood.
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Intellectual Property: Artists, writers, and musicians often retain exclusive rights to their creations through copyrights, allowing them to control how their work is distributed and sold.
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Software Licensing: Some companies grant exclusive licenses to software vendors for certain regions or industries, ensuring that the software is not available from multiple sources in the same market.
5. Pros and Cons:
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Advantages: Exclusive selling rights can lead to higher profits, increased market share, and greater control over pricing and distribution.
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Disadvantages: It may limit competition and innovation in the market, potentially leading to higher prices for consumers.
6. Government Regulation: In some cases, exclusive selling rights may raise concerns about anti-competitive practices. Governments may intervene to ensure fair competition and protect consumer interests.
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Stock Xpo
ACE Investors
The idea of "buying the dip" simply means purchasing a stock (or any asset) after the price has dropped, with the hope that over time, the price will rise again and your assets will increase in value. Buying at dip in the Stock Market proves to be a successful strategy for long term investors who wants to hold the quality stocks at right price. Warren Buffett is one of the many success stories of averaging. The basis of this strategy is that the market recovers over a period of time.
Wiki User
∙ 13y agoIt is a franchise.
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What is are monopolies?
A monopoly is a form of market structure in which there is only one firm which produces a certain good or service that has no close substitudes and in which the firm is protected from competition by a barier that prevents the entry of new firms.Barriers to entry: legal or natural constraints that protect a firm from potential competitors Legal monopoly: a market in which competition and entry are restricted by the granting of a publich franchise (exclusive right granted to a firm to suply a good or service i.e. Canada Post), government licence (control of entry into a particular occupation, profession and/or industry; requires a licence), patent (exclusive right granted to the inventor of a good or service), or copyright (an exclusive right granted to the author/composer of a literary piece, be it music, art or drama work)Natural monopoly: an industry in which one firm can supply the entire market at a lower average total cost han two or more firms can; there is a natural barriers to entry such as electric power.The firm can essentially set its own prices because there is no competition.
Why do monopolies occur?
Monopolies occur when a company or person(s) want to take over the market. By becoming the sole supplier of a comodity, the monopily can raise prices and gain more profit. A monopoly creates an oppressive market and is to be avoided if a healthy economy is to thrive on what is termed, "A level playing field." More explanation is required. Monopolies have three main sources in most economies. They are: 1. A key resource is owned by a single company; 2. The government gives a single firm the exclusive right to produce some good or service; and 3. The costs of production makes a single producer more efficient than a large number of producers.
What is the definition of market knowledge by different authors?
Market knowledge is important to help businesses. If they have the right knowledge, they are able to sell to their customers better.
What is the nature and scope of market segmentation?
Market segmentation is when you break down a group into smaller pieces such as age or gender. This makes it easier to advertise to the right group.
What direction will the stock market go tomorrow?
Left to right or if you want from past to future
The right to sell a good or service within an exclusive market is a?
It is a franchise.a copy of:The_right_to_sell_a_good_or_service_within_an_exclusive_market=)i am LOL
What is the noun form for exclusive?
The word exclusive is a noun form, a word for a news item initially released to only one publication or broadcaster; a right or privilege to market a product.The noun forms for the adjective 'exclusive' are exclusivity and exclusiveness.
What is are monopolies?
A monopoly is a form of market structure in which there is only one firm which produces a certain good or service that has no close substitudes and in which the firm is protected from competition by a barier that prevents the entry of new firms.Barriers to entry: legal or natural constraints that protect a firm from potential competitors Legal monopoly: a market in which competition and entry are restricted by the granting of a publich franchise (exclusive right granted to a firm to suply a good or service i.e. Canada Post), government licence (control of entry into a particular occupation, profession and/or industry; requires a licence), patent (exclusive right granted to the inventor of a good or service), or copyright (an exclusive right granted to the author/composer of a literary piece, be it music, art or drama work)Natural monopoly: an industry in which one firm can supply the entire market at a lower average total cost han two or more firms can; there is a natural barriers to entry such as electric power.The firm can essentially set its own prices because there is no competition.
What noun can you form from the word exclusive?
The word 'exclusive' is a noun form as a word for a news item initially released to only one publication or broadcaster; or the right given to only one individual or group to market or use something.The noun forms of the adjective exclusive are exclusiveness and exclusivity.
What is a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area called?
Business franchise
What is a semi independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area called?
Business franchise
Does a person have the right to be on a easement if the easement holder does not give them permission but the land owner does?
That depends on the details. An easement may be exclusive or non-exclusive and there are different types of easements. The person may have the right to be on the land with the permission of the land owner.That depends on the details. An easement may be exclusive or non-exclusive and there are different types of easements. The person may have the right to be on the land with the permission of the land owner.That depends on the details. An easement may be exclusive or non-exclusive and there are different types of easements. The person may have the right to be on the land with the permission of the land owner.That depends on the details. An easement may be exclusive or non-exclusive and there are different types of easements. The person may have the right to be on the land with the permission of the land owner.
How would you use exclusive in a sentence?
Generally, you give a real estate broker an exclusive right to sell your property.
What did Japan acquire as a result of war between Japan and China in 1894?
an exclusive right to trade with China (maybe)
When is the right time to ask a guy you are dating if the two of you can be exclusive and how do you know if he wants to be exclusive?
There is no specific right time but when it feels right for you but its definitely better if you can ask when the two of you are alone. You will know by the answer he gives you.
On a exclusive agency does the agency get the listing and selling commission even if another agency sells?
The Exclusive Agency listing authorizes the listing broker, as exclusive agent, to offer cooperation and compensation on blanket unilateral bases, but also reserves to the seller the general right to sell the property on an unlimited or restrictive basis.Unless the buyers agency is a member within the same Multiple Listing Service, the buyers agent should be certain to get a commission agreement in writing from the listing broker, prior to writing an offer to purchase. Without this agreement, the listing broker does not have to pay out a coop commission.
The exclusive right to use a certain name or symbol is?
trademark
