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When people buy products from individuals instead of companies, its called?

secondary exchange.


When people buy products from people instead of companies it's called?

secondary exchange.


What is property owned by individuals or companies called?

private property


What is it called when U.S. companies have products manufactured by foreign countries?

outsourcing


What is porperty owned by individuals or companies not by the government or the people called?

Private Property


What is a market structure in which companies sell products that are similar but not identical called?

monopolistic competition


What is a market structure in which many companies sell products that are similar but not identical called?

monopolistic competition


What do you call an agreement made between companies to charge the same amount for products?

It is called "price collusion" and it is a criminal offence for companies to do this - they are rigging the market.


Large corporations that controlled the markets of certain products and drove out competition from other companies are called?

monopolies


What patronage rewards?

Awards provided by companies to promote and encourage the purchasing of their products are called patronage rewards.


What is it called when companies come out with new products and they have people test them or try them?

This is usually referred to as "Beta Testing."


When the process of making is finished the people who use the products are called what?

The people who use the products after the manufacturing process is complete are called consumers. Consumers are individuals or entities that purchase goods or services for their own use or for resale.