Monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence of other monopolistically competitive firms in the industry.
- Monopolistic competition arises when several businesses provide rival goods or services that are comparable but imperfect replacements.
- Entry barriers are low in monopolistic competitive industries, and actions made by one business do not immediately impact those of its rivals. Pricing and marketing choices are how the rival firms set themselves apart.
- Businesses engaged in monopolistic rivalry distinguish their goods through price and marketing tactics.
- The expenses or other impediments that prohibit new rivals from joining a market are minimal in monopolistic competition.
- Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with comparable but distinct product offers.
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Can you please explain more? :)
Here are a couple of things hope they help
<span>1.) Interest rates
</span><span>2.) Taxes Inflation
</span><span><span>3.) </span>Currency
</span><span>4.) exchange rates
</span><span>5.) Consumer discretionary income
</span><span>6.) Savings rates
</span><span>7.) Consumer confidence levels
</span><span>8.) Unemployment rate
</span><span>9.) Recession
</span><span><span>10.)</span> Depression </span>
Consumer research, product development, communication, distribution, pricing, and service are all most accurately described as <u>core "marketing" activities.</u>
Marketing is a social and administrative process by which people and gatherings acquired what they require and need through making, offering and trading results of significant worth with others.
Your core marketing strategy for your private business must include making a guarantee to tackle your optimal client's most prominent problem.It's tied in with marketing and advancements. That is, the work you put into bring issues to light about your image, increment interest for your item or administrations and lift deals.
Answer:
The answer to this question is
b. people with a desire for a beverage other than soda or water
Explanation:
The "second" party needed for marketing to occur in this case are people who are in need of the product produced by Dr. Pepper Snapple Group. (I.e the customers ) however, the type of customer that Dr. Pepper Snapple group will seek to have are customer with a desire for a beverage other than soda and water because it's price is comparable to that of soft drink. Which implies that customer with no interest in that kind of product will not buy but will rather stick with their preference for soft drinks since it is the same price with the new product by Dr. Pepper Snapple group.
Hence, Dr. Pepper Snapple group will need to have people with a desire for a beverage other than soda or water for marketing to occur.
