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Chapter Three
Chapter Three

... Product/service mix: the combination of products aimed at the needs of the target market Presentation mix: all elements used by the firm to increase the tangibility of the product/service mix Pricing mix: the combination of prices that customers pay for products or services ...
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... planning units. A fundamental problem in dividing a corporation into strategic planning units is deciding how large or small each unit should be. This would be answered by the capabilities, financial, facilities, and manpower of the firm. Few capabilities indicate that the firm will only be able to ...
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international marketing - Lex ET Scientia International Journal
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Chapter 14: Developing Pricing Strategies and Programs
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... increases. Eventually, the market moves into an equilibrium position where quantity supplied equals quantity demanded. When there is a surplus there will be downward pressure on price. A firm’s profit maximizing behavior is manifested in the supply curve. Consumer desires are manifested in the deman ...
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... Costs typically establish the theoretical “floor” of the pricing range. Break-even point: the sales level at which revenues cover costs. ...
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Review of Alfie Kohn, No Contest: The Case Against Competition
Review of Alfie Kohn, No Contest: The Case Against Competition

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The Pros and Cons of Vertical Restraints

... are lower than they would be if firms chose quantities collusively, or if a fully integrated monopolist chose all quantities. Despite its age, the Cournot model is a pillar of modern antitrust economics. It was the first and remains the simplest rigorous explanation why horizontal mergers and collus ...
marketing aspects of technology ventures
marketing aspects of technology ventures

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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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