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Competition (The main market models and their typical characteristics…
Competition
The main market models and their typical characteristics
perfect competition
a situation where the sellers of a product or service are free to compete fairly, and sellers and buyers have complete information
monopoly
a situation in which a company or organization is the only one in an area of business or activity and has complete control of it
monopsony
a situation in a market in which there is only one buyer for goods or services offered by several sellers:
oligopoly
a situation in which a small number of organizations or companies has control of an area of business, so that others have no share
m porter(analyse systematically the competitive forces in industry)
cost-leaders
differentiators
focusers
master strategist
value chain
five forces
1)T he threat of new entrants and the appearance of new computers
2) The degree of rivalry among existing competitors in the market
4)The barge bing power of suppliers
3) The bargaining power of buyers
5) The threat of substitute products or services that could shrink the market.
Ways to outperform competitors
selling at a loss