State the main features of the Perfect Competition Market?
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State the main features of the
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- Standardized products and commodities such as grains or chemicalproducts are characteristics of which competitive market form?What is an example of an industry that you think a best-cost strategy could be successful? How would you differentiate a company to achieve success in this industry?Why is it that a firm can normally sustain a competitive advantage for only a limited period of time?
- what is failure of competition?8. How can the entrepreneur influence the power of buyers and suppliers toward competitive conditions more favourable for the entrepreneur?Discuss how you would expect the financing choices of the following firms to differ and explain the reasons for the differences. Include international and Caribbean examples where possible. 1. A social enterprise versus a commercial enterprise
- Define difference between monopolistic and perfect competition with special reference to price, profit and cost variety?Scenario: You work for a Cranberry company/farm in Nova Scotia trying to enter the Cranberry market in Australia Who are the major competitors in the Australian market?Describe the products currently offered by the competitors. What are the competitors’ strengths and weaknesses?What is the price of the products? What discounts are offered?Explain why a business who's pursuing cost leadership for a competitive advantage has to attain parity on the basis of differentiation with competitors?