The differences between two competing products in the market can include features, price, quality, brand reputation, customer reviews, and target audience. It is important to compare these factors to make an informed decision when choosing between the products.
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what is the differences between Industry and Market
A primary market will be the intended target market to which a company originally might have produced it's products or services for and the larger source of revenues. The secondary market will be a market that is marketable but not the first priority of sustainability for the company.
it is an arrangement, where two or more companies help each other to market their products. However, the products have to be complementary and not competing against each other.
different between otc market and orgnized market?
Relationship with humal capital & labour market
defined as the gap between the home market and a foreign market resulting from the perception and understanding of cultural and business differences.
whats good in wet market??????
Innovative products are unique and original, offering new features or technologies not seen before. Imitative products, on the other hand, replicate existing products with little to no differentiation, often aiming to capitalize on the success of others. Innovative products typically drive market evolution, while imitative products may struggle to stand out in a crowded market.
Perfect competition is a market structure where there are many buyers and sellers, identical products, perfect information, and no barriers to entry or exit. In contrast, imperfect competition includes elements like differentiated products, market power for some firms, and barriers to entry.
In a perfectly competitive market, there are many buyers and sellers, products are identical, and there is easy entry and exit. Prices are determined by supply and demand. In a non-perfectly competitive market, there may be barriers to entry, products are differentiated, and firms have some control over prices.
It is especially wrong if you are not completely frank to the customer about the drawbacks of your product.