Why is it important for the government to regulate natural monopolies? A natural monopoly arises where the largest supplier in an industry‚ often the first supplier in a market‚ has an overwhelming cost advantage over other actual and potential competitors. This tends to be the case in industries where capital costs predominate‚ creating economies of scale that are large in relation to the size of the market‚ and hence high barriers to entry; examples include public utilities such as water services
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MARKET SEGMENTATION Marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs‚ and then designing and implementing strategies to target their needs and desires using media channels and other touch-points that best allow to reach them. Market segments allow companies to create product differentiation strategies to target them. Market segmentation is the technique used to enable a business to better target it products at the right customers.
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Topic: Financial Markets A financial market is a market in which people and entities can trade financial securities‚ commodities‚ and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds‚ and commodities include precious metals or agricultural goods. There are both general markets (where many commodities are traded) and specialized markets (where only one commodity is traded). Markets work by placing many interested
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Characteristics of SME’s Marketing Marketing is regarded as relevant to both large and small organisations and basic marketing principles are seen to apply to both of them. It plays a significant role for SMEs as it is essential to the survival and growth of the enterprises but in the same time it is the biggest problem which owner-managers face in their business operations. Chaston (2000) says that truly entrepreneurial firms have a distinctively different approach to marketing which he
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Services lie at the hub of economic activity in the United States. Service jobs account for almost 80 percent of total U.S. employment. As such‚ we say that the U.S. has a service economy. Within this service economy‚ the term service has several meanings when paired with other words. For example‚ a service firm is defined as one that derives more than 50 percent of its sales from providing services. RCA’s service revenues now exceed its revenues from electronic manufacturing. A service package is
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A market place is the place spread out in a specific area‚ where a variety of goods of daily requirements are available for purchase by customers. There are an umpteen number of markets all they catering to the daily requirements of the public‚ and they are placed close to residential areas for the convenience of the customers. I had heard a lot about a market called Chandni Chowk in Old Delhi but had never seen it. Once this year‚ in the month of October‚ on the occasion of my sister’s marriage
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CHARACTERISTICS OF DEVELOPING COUNTRIES Low standard of living • Low Standards of living tend to be experienced by the majority of the population. • The main indicators of these low living standards are high poverty levels (i.e very low incomes)‚ high levels of inequality‚ very poor housing‚ low standards of health‚ high infant mortality rates‚ high levels of malnutrition and a lack of education. Low levels of productivity • The main causes are low education standards within the countries
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The Characteristics of a Successful Immigrant New immigrants come to Canada with a dream of a better life. Although the road to a successful life in Canada is filled with struggles‚ many immigrants fulfill their dreams in Canada. Similar characters can be found among those immigrants. The ability to adapt‚ tolerance for failure and determination to succeed are the key characteristics of a successful immigrant. The ability to adapt to a foreign culture and environment is essential for a new
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CHARACTERISTICS OF SERVICES IN HOSPITALS Healthcare industry is a wide and intensive form of services which are related to wellbeing of human beings. Health care is the social sector and it is provided at State level with the help of Central Government. Health care industry covers hospitals‚ health insurances‚ medical software‚ health equipments and pharmacy in it. Right from the time of Ramayana and Mahabharata‚ health care was there but with time‚ Health care sector has changed substantially
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Marketing Mix. For this paper‚ you will be creating your own marketing mix. Specifically‚ you will: Choose a tangible product with which you are familiar and describe why this product is of interest to you. Describe‚ in your own words‚ the characteristics of each element of the Marketing Mix (price‚ product‚ place‚ and promotion) as they apply to your selected product. Discuss why each of the 4-P decisions would be important when marketing your selected product. Please submit your assignment
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