Post by account_disabled on Mar 12, 2024 22:48:20 GMT -8
The same Prices of goods in the market are relatively the same illustration of an oligopoly market. source envato The next characteristic is that the prices of goods on the market are relatively the same. Even if there is a difference, the difference is not that big. For example, the price of brand A soap at the Intan shop will not be much different from the price of the same brand of soap at the Barokah shop. This is caused by the policy of rising and falling prices determined by the main producers. So that the producers below will adjust to these prices. Because there are not too many producers, of course the price difference that appears on the market is also not too big. . New Producers Have Difficulty Entering the Market New producers will find it very difficult to enter an oligopoly market. Because the old producers have existed by playing with prices so that consumers don't move.
Meanwhile, new producers will certainly not be able to pursue this existence. Indeed, companies can offer cheap prices, but as a new business it is certainly very risky. Because the profits obtained are very small. . Requires a mature marketing strategy The final characteristic of this type of market is that it requires a mature marketing strategy. Because the products marketed are homogeneous with a small number of producers. It is feared that if market outreach is not carried Bulk Lead out intensively, consumers will switch to other products. Therefore, promotions or marketing strategies need to be carried out well. Because this is what determines whether the product is still in circulation or sinks. Also read: Monopoly Market: Definition, Advantages and Disadvantages Examples of Oligopoly Markets Examples of Oligopoly Markets illustration of an oligopoly market.
After knowing the meaning and characteristics of an oligopoly market, the following will explain examples of companies operating in this type of market which hopefully will also provide knowledge. It has been explained previously that this type of market contains homogeneous products that can replace each other and are produced on a large scale by companies with less than units. If seen from this definition, of course an example of a product that falls into this type of market category is a cigarette company. Here are other examples: Cement industry Motor vehicle industry Cigarette Telecommunications Services Aviation services Also read: Getting to know the consumer market and the factors that influence it Types of Oligopoly Markets Types of Oligopoly Markets illustration of an oligopoly market. source envato Apart from having certain characteristics or characteristics, markets are also divided into several types.
Meanwhile, new producers will certainly not be able to pursue this existence. Indeed, companies can offer cheap prices, but as a new business it is certainly very risky. Because the profits obtained are very small. . Requires a mature marketing strategy The final characteristic of this type of market is that it requires a mature marketing strategy. Because the products marketed are homogeneous with a small number of producers. It is feared that if market outreach is not carried Bulk Lead out intensively, consumers will switch to other products. Therefore, promotions or marketing strategies need to be carried out well. Because this is what determines whether the product is still in circulation or sinks. Also read: Monopoly Market: Definition, Advantages and Disadvantages Examples of Oligopoly Markets Examples of Oligopoly Markets illustration of an oligopoly market.
After knowing the meaning and characteristics of an oligopoly market, the following will explain examples of companies operating in this type of market which hopefully will also provide knowledge. It has been explained previously that this type of market contains homogeneous products that can replace each other and are produced on a large scale by companies with less than units. If seen from this definition, of course an example of a product that falls into this type of market category is a cigarette company. Here are other examples: Cement industry Motor vehicle industry Cigarette Telecommunications Services Aviation services Also read: Getting to know the consumer market and the factors that influence it Types of Oligopoly Markets Types of Oligopoly Markets illustration of an oligopoly market. source envato Apart from having certain characteristics or characteristics, markets are also divided into several types.