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Market segmentation as an aid to agribus. marketing
Market segmentation as an aid to agribus. marketing

... where computers and multivariate attitude measuring techniques play an important role in contemporary market research. Several statistical approaches are currently available to the more serious-minded marketer. Regardless of which approach is selected, the objective is to quantitatively establish a ...
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... technique is called target costing which reverses the usual process of first designing a new product, determining its cost, and then asking the consumers how much they can pay for it. Instead it starts with a target cost and price in mind and works back. E.g. Compaq Computer Corporation calls this p ...
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Perfect competition

In economic theory, perfect competition (sometimes called pure competition) describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, there are few if any perfectly competitive markets. Still, buyers and sellers in some auction-type markets, say for commodities or some financial assets, may approximate the concept. As a Pareto efficient allocation of economic resources, perfect competition serves as a natural benchmark against which to contrast other market structures.
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