When a market is said to be imperfect?

Related MCQs

• When a product has long life cycle , it has mass market, entry of rivals in to market is easy and demand is elastic. Which pricing policy can be adopted?
• Companies adding lower prices products to a product line to add sales to the line and attract a broader market. What kind of product mix modification is this?
• All companies charge the same price and smaller players follow the price set by the market players. Which is this method?
• What happens when a firm introduces new product to a market in which it is established?
• Which is the condition for market penetration?
• Who has introduced the concept of market segmentation?
• Name the type of channel of distribution Using two or more channels to distribute the same product to the same target market?
• In a small market , which is better?
• In which type of market There is no distinction between firm and industry ?
• In which market, advertisement is absent: