Get premium membership and access questions with answers, video lessons as well as revision papers.
1. Pure competition: Pure competition occurs when every company has similar products /those firms that deal with similar products and buyers and sellers are free to enter and exit the market
2. Monopolistic competition: situation where there are many sellers and each has a relatively small market share.
3. Oligopoly: deals with similar product but characterized by few sellers who control most of the market
4. Monopoly: business controlled by one firm who controls the production and sales of goods and services.
Lellah answered the question on November 3, 2021 at 13:00
- State and explain the competitive forces a business manager needs to evaluate in the business environment.(Solved)
State and explain the competitive forces a business manager needs to evaluate in the business environment.
Date posted: November 3, 2021. Answers (1)
- What are the significant business strategy implications of demographic trends / changes?(Solved)
What are the significant business strategy implications of demographic trends / changes?
Date posted: November 3, 2021. Answers (1)
- Highlight the marketing implications of global population trends.(Solved)
Highlight the marketing implications on global population trends.
Date posted: November 3, 2021. Answers (1)
- What is demography?(Solved)
What is demography?
Date posted: November 3, 2021. Answers (1)
- Explain ways in which Improvement in technology has affected business activities indirectly/ directly.(Solved)
Explain ways in which Improvement in technology has affected business activities indirectly/ directly.
Date posted: November 3, 2021. Answers (1)
- Define technological environment.(Solved)
Define technological environment.
Date posted: November 3, 2021. Answers (1)
- What does the socio-cultural elements of a business environment consist of?(Solved)
What does the socio-cultural elements of a business environment consist of?
Date posted: November 3, 2021. Answers (1)
- Highlight ways in which market deals with people?s culture and how it affects business (Solved)
Highlight ways in which market deals with peoples culture and how it affects business
Date posted: November 3, 2021. Answers (1)
- What elements does the political/legal environment comprise of?(Solved)
What elements does the political/legal environment comprise of?
Date posted: November 3, 2021. Answers (1)
- Name economic factors that marketers need to be concerned with that impact their marketing decisions.(Solved)
Name economic factors that marketers need to be concerned with that impact their marketing decisions.
Date posted: November 3, 2021. Answers (1)
- Define economic environment. (Solved)
Define economic environment.
Date posted: November 3, 2021. Answers (1)
- Highlight ways in which natural factors may influence business activities.(Solved)
Highlight ways in which natural factors may influence business activities.
Date posted: November 3, 2021. Answers (1)
- Briefly explain what company?s customers consist of.(Solved)
Briefly explain what companys customers consist of.
Date posted: November 3, 2021. Answers (1)
- What are the factors within a company's operating environment that determine a company's success in achieving its objectives?(Solved)
What are the factors within a company's operating environment that determine a company?s success in achieving its objectives?
Date posted: November 3, 2021. Answers (1)
- Define a macro - marketing environment.(Solved)
Define a macro-marketing environment.
Date posted: November 3, 2021. Answers (1)
- Define environmental planning.(Solved)
Define environmental planning.
Date posted: November 3, 2021. Answers (1)
- Define marketing environment.(Solved)
Define marketing environment.
Date posted: November 3, 2021. Answers (1)
- What are the differences between selling concept and marketing philosophy/concept?(Solved)
What are the differences between selling concept and marketing philosophy/concept?
Date posted: November 3, 2021. Answers (1)
- Explain the four components that characterize holistic marketing.(Solved)
Explain the four components that characterize holistic marketing.
Date posted: November 3, 2021. Answers (1)
- What does holistic marketing concept state?(Solved)
What does holistic marketing concept state?
Date posted: November 3, 2021. Answers (1)