Free Enterprise
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Free Enterprise

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Marketing 6621

Marketing 6621

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  • 1. FreeEnterprise
  • 2. Free Enterprise Production and distribution of goods/services are privately owned and operated
  • 3. Which means… Companies control what and how much of a product/service produced Market determines prices by supply and demand Encourages Entrepreneurship
  • 4. Principles ofFree Enterprise Freedom of ownership Competition -Direct, Indirect, Price, Non-Price Risk Profit
  • 5. Benefits of Marketing inFree Enterprise Improves Products Lowers Price