Tag Archives | competitive

7 most essential features of a perfectly competitive market

7 most essential features of a perfectly competitive market. Market is generally understood to means particular place of locality where goods are bought and sold. However in any particular place or locality does not mean market where goods are bought and sold.

What are the characteristics of a perfectly competitive market?

A perfectly competitive market has the following characteristics. (i) The market consists of buyers and sellers who are price takers. (ii) Each firm in the market produces undifferentiated and homogenous products. (iii) Buyers and sellers have perfect information about the price prevailing in the mark! About the availability of commodities at any given point of […]

What is the difference between Creative and Competitive Salesmanship?

Though a salesman is to be both ‘creative’ and ‘competitive’ whose aim is to maximize profits for the owner and maximize the level of consumer satisfaction and delight to the customer depending on the situations under which he is supposed to work.

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