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the business sets prices by calculating per unit merchandise costs and then determining the mark...
any place or circumstance where buyers and sellers meet to set prices and exchange goods or...
any place or circumstance where producers and consumers meet to exchange goods and services.
any organisation or mechanism that brings buyers and sellers together to trade goods
Market capitalisation is the total value of the shares issued by a company. We multiply the...
the market forces of demand and supply are used to determine how the resources are used; who can...
a growth strategy where the firm decides to sell its existing products in a new market.
(also called the free market system or market capitalism) prices and quantities in the economy...
those factors that immediately surround the business form the market environment. The people and...
when firms do not produce the correct quantity to suit demand as they do not use the resources...