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The justification for the fact that the fully competitive market is the most successful and most effective type of market and discuss the reasons.
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- how does the efficiency of the firm affect the concentration of the market?Among the indicators of market concentration, which has the most obvious effect or influence in the concentration of the market? Why?Advise an organisation that is planning to adopt a market development strategy on the various options available, when it is viable and suitable to adopt the strategy.
- Market Structures: Why is it necessary for business firms to have knowledge on the Market Structures? In what ways will this knowledge be of help to business firms? Why is it advantageous to business firms?What is market opportunity analysis?In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?
- Screen the proposed solution from a certain market problem in terms of viability and profitability. Explain why you have chosen the particular proposed solution.How can market analysis benefit a business?How can organizations conduct a thorough analysis of the external market environment when formulating their strategic marketing plan?
- How does the market society ensures that the market is competitive in nature?Explain the process that a marketer can use to ensure that marketing strategies, approaches and the marketing mix meet legal and ethical requirements. Provide an example to illustrate your response.How can companies continually evaluate and adjust their marketing implementation plan to ensure that it remains effective over time?