What is meant by a competitive market?
A competitive market is one where there are numerous producers that compete with one another in hopes to provide goods and services we, as consumers, want and need. In other words, not one single producer can dictate the market.
Related Posts:
- How do you target your audience in marketing? - 7 Ways to Determine Your Target AudienceAnalyze... (Read More)
- What are the four target marketing strategies? - There are typically 4 different types of... (Read More)
- What are targeting strategies in marketing? - The selection of potential customers to whom... (Read More)
- What is super segment in marketing? - In selecting more than one segment to... (Read More)
- What is Unsegmented marketing? - Here, the entire market is seen as... (Read More)
- What are the 4 types of market segmentation PDF? - The Four Types of Market SegmentationDemographic segmentation.Psychographic... (Read More)
- What is segmentation in marketing examples? - This is why marketers use segmentation when... (Read More)
- What is niche marketing examples? - A niche market is a segment of... (Read More)
- Why is marketing segmentation important? - Segmentation helps marketers to be more efficient... (Read More)