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Service markets are often dominated by a few key players due to factors like brand loyalty, economies of scale, and established networks. Leading companies benefit from strong reputations and customer trust, which make it challenging for new entrants to compete. Additionally, regulatory barriers and high initial investment costs can limit competition, allowing dominant firms to maintain their market position. As a result, these companies can leverage their resources to innovate and improve service delivery, further reinforcing their market dominance.
What else can I help you with?
When a business has no competitors and controls the market for a product or service it is said to have an?
have a monopoly of the market
What is market assessment?
Market Assessment is the evolution of the market for a product or service including the analysis of the market trends , assesing the competition and conducting market studies.
What is the difference between market size and market share?
market size" is made up of the total number of potential buyers of a product or service within a given market however, market share Out of total purchases of a customer of a product or service, what percentage goes to a company defines its market share by business student disathna
Primary purpose of identifying enabling products services and technologies when performing service-focused strategic market research is to?
assess the need to perform strategic market research for the service
Which of these is one way to quantify the value of a good or service?
You can quantify the value of a good or service by doing a market comparison of that good or service.
What is the market dominated by a single buyer called?
Monopoly
What two emotions dominated the stock market?
Fear and Greed
What is a market dominated by single buyer popularly called?
Monopsony
When a market is dominated by a few large profitable firms it is considered to be a?
oligopoly
What is the term used to describe a market that is dominated by a single corporation or entity?
Monopoly
What company is a ologopoly?
An oligopoly is an industry or service, which is dominated by several major competitors.
Listing three market structures and giving two characteristics of each?
Oligoply-which market dominated by small numbers, control the marjorty of the market share. monopolistic competition- called competitive market large number of firms, small proportion of the maeket share and slightly differetiate products monopoly- one provider of a product or service., help eliminate small business. your welcome =]
In 1990 what software company dominated the software market and what major product did it sell?
Microsoft and Windows.
Which company dominated European market in motion picture cameras before World War 1?
pathe
How do oligopolies affect the economy?
A market dominated by a number of small participants who are able to collectively exert control over supply and market and places.
Who dominates the bond market?
The bond market is dominated by institutional investors, such as insurance companies, mutual funds, and pension funds, but bonds can be purchased by individual investors as well.
Which companies dominated the storage batteries industry?
The overall market was dominated by large manufacturers such as Duracell International and Rayovac Corp., and by companies specializing in SLI (starting, lighting, and ignition) and industrial storage batteries.
