2. What is MARKET ?
Market is the management
process involved in identifying,
anticipating and satisfying
customer wants profitably.
Marketing is not just selling. It is
about knowing and
understanding your customer.
4. PERFECT COMPETITION
A market with a very large
number of firms, each of
which produces the same
standardized product and
takes the market price as
given.
A price – taking firm.
5. OILGOPOLY
OILGOPOLY --- There are just a
few firms in the market, a result
of two sorts of barriers to entry
:
Economies of scale.
Government may limit
number of firms in the
market.
6. Monopolistic Competition
Monopolistic competition refers to
competition among a large
number of seller of similar but
differentiated products, which are
close substitutes but not perfect
substitutes of one another.
As such is a market situation in
which both monopolistic element
and competitive element are
foreseen.
7. NAME : HARJIT KAUR
ROLL NO : 1224
MARKETING EXUCUTIVE
UINT 2
