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Marketing and Design
Marketing and Design

... best target for your marketing weapons (products) • Size of the market – is it big enough to sustain profits? • Growth potential – is the market likely to increase as your product is popularised, where can it grow to? • Profitability – is the segment likely to buy your product at the price you must ...
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... supply 2 units of goods at a price of $15 before the shift but are willing to supply 6 units of goods at $15 after the shift. A decrease in supply is a shift of the supply curve to the left (e.g. from the new supply curve to the initial supply curve). It means that sellers are willing to supply a sm ...
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ACCTG 252 - Cost Accounting

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... Marketing planning spreads; NOW accounts introduced; pricing becomes more of a concern; account packages proliferate; money market accounts introduced; Reg Q phase-out; interstate banking; commercial banks hold 60 % of industry deposits—thrifts 40%; banking industry holds 60% of total financial asse ...
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< 1 ... 172 173 174 175 176 177 178 179 180 ... 494 >

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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