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efficiency
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Which of the following could not prevent a market from becoming perfectly competitive?
excessive information
What is market stimuli?
Market stimuli is the marketing environment which consist of the four Ps: •Product •Price •Place •Promotion There are also other stimuli which consist of the following: •Economic •Technological •Political •Cultural •Competitive
What type of market is one in which producers compete to produce better and more affordable products and services?
competitive market (A+)
What is competitive advertising?
competitive advertising means which reflects the market maturity of the product and the need for the company to show product superiority through comparison to competitors
How do you write a call center business plan?
To be able to write a strong call center business plan you need to cover the following elements and demonstrate them clearly: = Executive Summary = Mission Keys to Success Company SummaryCompany Ownership Start-up Summary Services Competitive Comparison Market Analysis Summary Market Segmentation Strategy and Implementation Summary Competitive Edge Sales Strategy Management Summary Personnel Plan
Which of the following IS NOT a characteristic of a market economy?
Allows for limited growth and progress
Which of the following could not prevent a market from becoming perfectly competitive?
excessive information
What is a characteristic of a seller's market?
A characteristic of a seller's market is low inventory of homes for sale, creating high demand among buyers. This often leads to multiple offers on properties, driving up prices and resulting in a competitive housing market that favors sellers.
What are the Fundamental characteristic of the market system?
What are the Fundamental characteristic of the market system?
What characteristic of a competitive market?
A characteristic of a competitive market is the presence of many buyers and sellers, which ensures that no single entity can dominate the market price. Additionally, products offered by different sellers are typically homogenous, meaning they are similar in quality and features. There are also low barriers to entry and exit, allowing new firms to enter the market easily and existing firms to leave without significant loss. Lastly, consumers have complete information about prices and products, promoting informed decision-making.
Why will a producer enter a competitive market?
A producer will enter a competitive market if it believes that it has a better version of other products already competing in a particular market. As an example, for a time, the best selling cola drink was Coca - Cola. It had a mass market of loyal cola customers. It seemed illogical to many businessmen to bring a new cola drink into this market. Pepsi Cola did enter the cola market with a good deal of success. Following that there were several other cola drinks such as Royal Crown Cola that also this now competitive market.
Does the price equal the marginal revenue in a competitive market?
In a competitive market, the price does equal the marginal revenue.
Is cigarette market a perfectly competitive market?
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.
Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
Is marginal revenue equal to price in a perfectly competitive market?
In a perfectly competitive market, marginal revenue is equal to price.
Is the price equal to marginal revenue in a perfectly competitive market?
In a perfectly competitive market, the price is equal to the marginal revenue.
How are prices set in a perfectly competitive market?
By Market Force
