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velikii [3]
2 years ago
14

What is the main difference between a generic market and a product market

Business
1 answer:
Yuri [45]2 years ago
7 0

Answer:

The main difference between a generic market and a product-market is that: a generic-market involves a less similar set of needs than does a product-market. A basic difference between a "generic market" and a "product-market" is: how similar the competing sellers' products are.

Explanation:

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McKenna offers to sell Lori her collection of hand-painted European tiles. Before Lori has a chance to accept, McKenna says, "So
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McKenna has just made: revocation.

<h3><u>Explanation:</u></h3>

Revocation can be considered as a process  of cancelling any decision or a promise officially. This is act that makes something that exists previously to be null or void. For instance someone has accepted to sell his property to someone and now he has the rights top revoke or cancel that declaration officially.

In the given example, McKenna offers to sell her hand painted European tiles to Lori. But the cancellation of this offer occurs before Lori accepted the offer. She says to Lori that she has changed her mind and not ready to sell those tiles. Hence the example is associated with  revocation.

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3 years ago
“Interbrand evaluates businesses’ brand value based on a comprehensive analysis of multiple factors including financial performa
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The significance of creating of competitive advantage for a multinational electronics corporation such as Samsung is to be able to  expand on international markets and to be able to maintain the Lower production costs.

<h3>What is importance of of Competitive Advantage</h3>

A competitive advantage serves as one that distinguishes a company from its competitors.

This helps in the getting of more customers, as well as  brand loyalty and it is very essential to business so as be able to succeed.

In this case, The significance of creating of competitive advantage for a multinational electronics corporation such as Samsung is to be able to  expand on international markets and to be able to maintain the Lower production costs.

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