Answer Posted / biswadeep
A market is a place where there are buyers and sellers, both of whom are have only a single product or service of interest. Depending on the demand and supply from the buyers and sellers respectively, prices get decided and the exchange of goods or services takes place.
Depending on the no of players, the various markets are:-
1) one seller many buyers- Monopoly
2) many sellers and many buyers- open market
3) few significant sellers and many buyers- oligopoly or cartels
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Describe of production processes, quality, stock control and factors internal and external that effect production within the organisation?
Who are you responsible to, how many people are you responsible for, and how much decision autonomy do you have in project management, managing people and managing a budget in the firm
Why All time currency price is fall down?
I seek information in starting up a radio station of my own. could you please provide me with the step by step procedure for such a mammoth-sounding task.where do i start from, copyright issues/formalities, registration and the cost approximations fo r the same..
WHY DO YOU WANT TO WORK FOR US???
HOW CAN YOU IMPROVE THIS FIRM?
You have done MBA in 2006. What you were doing for last two years ?
Explain Stock transfer cycles between two locations and what are the GL postings ?
responsibilities of HR
what is ur outlook in life???
Hi, I have following result of IELTS Speaking 6, Writing 5, Listening 5, Reading 5, Total 5.5 what do you say i will got Student visa for Germany or not?
why rbi produce 2 to 1000 note, expect 1 rupees note. and why note central produce all notes..
What do you mean by incomplete records?
What can you contribute to this company?
hi can somebody please post questions that are commonly asked in bba enterance exam in interwiew sessions...also it would be of great help if someone could mail me the previous years papers of the enterance exam of bba of cbs...
