What is meant by monopolistic market? – InterviewSolution

InterviewSolution

1.	What is meant by monopolistic market?
Answer» Monopolistic market is a form of market where there are large number of buyers and sellers selling differentiated products. There is presence of non-price competition. The sellers on the promotion of the product do large expenditure e.g., vegetable oil, tape recorders, etc.

Discussion

No Comment Found

Related InterviewSolutions

Subhiksha was founded in 1997 by R. Subramanian, an IIT-IIM graduate. It operated over 1600 outlets selling groceries, fruits, vegetables, medicines and mobile phones and positioned itself as value retail chain. It adopted strategy to cut price, focus on lower and upper middle class, and opened shops near catchment area of customers. It started with one store in Chennai and within a short span the count reached to 1600 outlets (2008). Still Subhiksha was a failure. Describe the possible reasons behind the failure of Subhiksha.
What is the goal of business?
What is business failure?
Market rate method is useful for new entrepreneurs. Why?
What are the main public relations tools?
When do we conclude that a business has failed?
Explain the benefits of CRM.
What are the various types of brand names from the entrepreneur’s perspective?
Explain the meaning of CRM.
Define logo.