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Important Role of Retail Display in Visual Merchandising
Visual merchandising is something that retailers can find to be a challenging task. What should you display where to attract customers? This is the main questi…
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Importance of Visual Merchandising to Brands
Visual merchandising is a retail strategy that maximizes the aesthetics of a product with the intent to increase sales. Visual merchandising can also play a ro…
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Contestable Markets: A Model in Perfect Competition
A contestable market occurs when there is freedom of entry and exit into the market. Thus in a contestable market, there will be low sunk costs.(Costs which ca…
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How Price and Output is determined under Oligopoly
In oligopolistic industry, there are only a few big firms which control the supply of a commodity and each firm produces a significant portion of the market. T…
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Oligopoly Market - Meaning and Causes
Oligopoly is the market organization in which there are a few or small number of firms in an industry and they produce the major share of the market. The word …
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Perfect Competition Vs Monopoly in terms for Prices and Output for Consumers
Perfect Competition: In a perfect competition, there are a large number of producers as well as buyers. Nobody controls the price of the products and most com…
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Advantages and Disadvantages of Perfect Competition
Advantages of Perfect Competition 1. They allocate resources in the most efficient way- both productively (P=MC) and allocatively efficient (P> MC) in th…
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Short Run Profit Maximisation in Perfect Competition
A perfectly competitive firm will choose to produce an output where 1. MC = MR = P 2. MC curve cuts MR from below. Mc Curve below MR means at such points Ma…
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Characteristics of Perfect Competition Market
Perfect Competition Market Perfect competition market is market in which there are a large number of buyers and sellers, buying and selling the homogenous pro…
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Market Structure
Introduction: This topic discusses all the theories about different markets. Different markets will make different decisions on the determination of quantitie…
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