Industry involves production of goods and services industry involves capital investment
Intermediate Marketing 340
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the industry's demand curve is perfectly elastic
The music industry is dominated by a few large firms which dominate the market, thus enabling the industry to exert its market influence. They also partake in collusion to ensure that barriers to entry into the music industry remain high for new firms to enter. The characteristics of an oligopoly are as follows: Few, large number of firms dominate the market. High barriers to entry Long run abnormal profits Price makers- have the ability to determine market price. Maximise profits where MC=MR. The music industry fits into the above characteristics and therefore is considered to be an oligopoly.
what are the characteristic of hospitality industry
they are something i have to answer in an assignment! :/
Perfect competition: Characteristics - many buyers and sellers, identical products. Example industry: Agriculture (e.g., wheat farming). Monopolistic competition: Characteristics - many buyers and sellers, differentiated products. Example industry: Restaurants (e.g., fast food chains). Oligopoly: Characteristics - few large firms dominating the market. Example industry: Automobile manufacturing. Monopoly: Characteristics - single seller with no close substitutes. Example industry: Utility companies (e.g., water supply).
Industry involves production of goods and services industry involves capital investment
The dominant strategy-shaping economic characteristics of the digital music player industry DMPI is the notion that the music player industry needs to be more innovative to stay relevant.
the important characteristics are manufacturing goods and transporting them to cheap and easy places in need.
A large controlling state (Totalitarian). An investment in military industry and sector.
my cat somtimes dose bakcflips and eats grass hoppers.
the important characteristics are manufacturing goods and transporting them to cheap and easy places in need.
Intermediate Marketing 340
Melting and boiling points are important characteristics of materials: they are needed in industry and in laboratory.
That i am looking for the same dam answer for class. Lol!