What are the dominant economic features of a company
What are the dominant economic features of a company?
Expert
An industry’s dominant economic features are described by such factors as:
a. Overall size and market development rate.
b. Geographic limits of the market.
c. Size and Number of competitors.
d. What purchasers are looking for and the characteristics that cause them to decide one seller over another?
e. Rate of technological change.
f. Whether sellers’ products are almost identical or extremely differentiated
g. Amount to which costs are affected by scale economies.
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