1. What are the advantages when undertaking a competition analysis of defining the relevant market at the start of the process? Are there any disadvantages? Carefully explain your answers.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
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1. What are the advantages when undertaking a
competition analysis of defining the relevant
market at the start of the process? Are there any
disadvantages? Carefully explain your answers.
2. For platform businesses such as Google and
Facebook some platform users pay and some
receive free services. Explain the problems that this
might create for:
i. Determining the relevant market
ii. assessing market power?
Transcribed Image Text:1. What are the advantages when undertaking a competition analysis of defining the relevant market at the start of the process? Are there any disadvantages? Carefully explain your answers. 2. For platform businesses such as Google and Facebook some platform users pay and some receive free services. Explain the problems that this might create for: i. Determining the relevant market ii. assessing market power?
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