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Study sets matching "term:barriers+to+entry = conditions thatmake it extremely difficult to enter a business"

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Study sets matching "term:barriers+to+entry = conditions thatmake it extremely difficult to enter a business"

41 terms
retail managment chpt 4
target market
retail format
sustainable competitive advantage
a retail statement identifies the foll…
the market segments toward which the retailer plans to focus…
the retailers type of retail mix, that is designed to satisfy…
a distinct competency of a retailer relative to its competito…
the retailer's target market... the format the retailer plans to…
target market
the market segments toward which the retailer plans to focus…
retail format
the retailers type of retail mix, that is designed to satisfy…
9 terms
25. Competition and business
COMPETITION
Barriers to entry
Cartel
Collusion
rivalry between businesses offering products in the same mark…
Factors which make it difficult or impossible for businesses…
A group of businesses (or countries) which join together to a…
in business, where several businesses (or countries) make agr…
COMPETITION
rivalry between businesses offering products in the same mark…
Barriers to entry
Factors which make it difficult or impossible for businesses…
7 terms
Economy 7.1
Perfect Competition
Four strict conditions of a perfectly…
Commodity
Barrier to entry
a market with many firms, identical products, and no single s…
many buyers and sellers, sellers offer identical products, bu…
a product that is considered the same regardless of who makes…
any factor that makes it difficult for new firms to enter the…
Perfect Competition
a market with many firms, identical products, and no single s…
Four strict conditions of a perfectly…
many buyers and sellers, sellers offer identical products, bu…
31 terms
Competitive and Concentrated Markets (4)
Market Structure
Price Taker
Price Maker
Perfect Competition
The organisation of a market in terms of the number of firms…
A firm which passively accepts the ruling market price set by…
A firm possessing the power to set the price within the market.
A market that displays the six conditions of: a large number…
Market Structure
The organisation of a market in terms of the number of firms…
Price Taker
A firm which passively accepts the ruling market price set by…
10 terms
Key terms: Perfect competition, imperfectly competitive markets and monopoly.
Market structure
Entry barriers
Exit barriers
Natural barriers
The organisational and other characteristics of a market
Obstacles that make it difficult for a new firm to enter a ma…
Obstacles that make it difficult for an established firm to l…
Barriers resulting from inherent features of an industry e.g.…
Market structure
The organisational and other characteristics of a market
Entry barriers
Obstacles that make it difficult for a new firm to enter a ma…
20 terms
Unit #3 Market Structures & Business Organizations Vocab. Review Power Point
perfect competition
commodity
barrier to entry
imperfect competition
market structure in which a large number of firms all produce…
a product, such as petroleum or milk, that is considered the…
any factors that makes it difficult for a new business to ent…
a market structure that fails to meet the conditions of perfe…
perfect competition
market structure in which a large number of firms all produce…
commodity
a product, such as petroleum or milk, that is considered the…
11 terms
Economics Key Works
Price Competition
Barriers To Entry
Competition
Profit
rivalry among businesses on the basis of price and value
Conditions that make it extremely difficult to enter a busine…
the rivalry among sellers trying to achieve such goals as inc…
A financial gain, esp. the difference between the amount earn…
Price Competition
rivalry among businesses on the basis of price and value
Barriers To Entry
Conditions that make it extremely difficult to enter a busine…
Economics Chapter 7 Review - Coach Grimm
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
A market dominated by a single seller
A market structure in which a few large firms dominate a market
A market structure in which a large number of firms all produ…
a market structure in which many companies sell products that…
Monopoly
A market dominated by a single seller
Oligopoly
A market structure in which a few large firms dominate a market
Competitive and concentrated markets
Price taker
Price maker
Competitive market
Concentrated market
a firm which accepts the ruling market price set outside its…
a firm possessing the power to set the price within the market
firms strive to outdo their rivals, but does not necessarily…
market containing very few dominant firms - in extreme cases…
Price taker
a firm which accepts the ruling market price set outside its…
Price maker
a firm possessing the power to set the price within the market
4.1
pure competition
commodity
barrier to entry
imperfect
simplest market structure
product that is considered the same no matter who produces or…
any factor that makes it difficult for a new firm to enter a…
a market structure that fails to meet the conditions of perfe…
pure competition
simplest market structure
commodity
product that is considered the same no matter who produces or…
5 terms
chapter 4.1 vocab
pure competition/perfect competition
commodity
barrier to entry
imperfect competition
the simplest market structure; one in which a large number of…
a product that is considered the same regardless of who makes…
factors that make it difficult for new firms to enter a market
a market structure that fails to meet the conditions of pure…
pure competition/perfect competition
the simplest market structure; one in which a large number of…
commodity
a product that is considered the same regardless of who makes…
35 terms
ECON Unit 5: Competition, Monopolies and Business Organizations
Market Structure
Competition
Perfect Competition
Monopoly
The key traits of a market, including the number and size of…
The businesses that provide a good or service that is SIMILAR…
An industry structure in which there are many firms, each sma…
A firm that is the sole seller of a product without close sub…
Market Structure
The key traits of a market, including the number and size of…
Competition
The businesses that provide a good or service that is SIMILAR…
13 terms
Market structures
Benefits of competition
Industry
Market structure
Market power
Forces producers to operate efficiently, lowers prices, impro…
Consists of all firms (businesses) making similar or identica…
Depends on the number of firms in the industry and how they c…
How much control that a business has over manipulating the pr…
Benefits of competition
Forces producers to operate efficiently, lowers prices, impro…
Industry
Consists of all firms (businesses) making similar or identica…
41 terms
Chapter 5,6,7
Market Structure
Perfect competition
Barrier Entry
Price taker
Describes the key characteristics of a market... Includes the nu…
A market structure in which a large number of small firms sel…
Is an obstacle that makes it difficult for a new firm to ente…
Is a seller that has no control over the price of the product…
Market Structure
Describes the key characteristics of a market... Includes the nu…
Perfect competition
A market structure in which a large number of small firms sel…
5 terms
Chapter 7 Section 1 Vocabulary
Perfect Competition
Commodity
Barrier to Entry
Imperfect Competition
A market structure in which a large number of firms all produ…
A product that is the same no matter who produces it, such as…
Any factor that makes it difficult for a new firm to enter a…
A market structure that does not meet the conditions of a per…
Perfect Competition
A market structure in which a large number of firms all produ…
Commodity
A product that is the same no matter who produces it, such as…
13 terms
Chapter 6
oligopolistic industries
exit barriers
porters five fources
entry barriers
highly consolidated industries with few large competitors
cost or other commitments that make it difficult for firms to…
threat of potential entrants, bargaining power of buyers, thr…
conditions that make it difficult or expensive for new firms…
oligopolistic industries
highly consolidated industries with few large competitors
exit barriers
cost or other commitments that make it difficult for firms to…
8 terms
Edexcel AS/A level Business key terms - Theme 2 (Chapter 42): Legislation
Restrictive Practices
Barriers to entry
Collusion
Contract of employment
Attempts by firms to prevent or restrict competition
Obstacles that make it difficult for new firms to enter a mar…
Two or more businesses agreeing to restrictive practices such…
A written agreement between an employer and an employee in wh…
Restrictive Practices
Attempts by firms to prevent or restrict competition
Barriers to entry
Obstacles that make it difficult for new firms to enter a mar…
10 terms
ch.7 economics
perfect competition
4 conditions for perfect competition
commodity
barrier to entry
a market structure in which a larger number of firms all prod…
1. many buyers and sellers participate in the market... 2. selle…
a product that is the same no matter who produces it
any factor that makes it difficult for a new firm to enter a…
perfect competition
a market structure in which a larger number of firms all prod…
4 conditions for perfect competition
1. many buyers and sellers participate in the market... 2. selle…
15 terms
Plan now, succeed later
Accounting
Appendix
Balance sheet
Barrier to (market) entry
The process of keeping and interpreting financial records
A segment added to the end of a document; includes supporting…
A financial statement that captures the financial condition o…
Anything that blocks the way or makes it more difficult to en…
Accounting
The process of keeping and interpreting financial records
Appendix
A segment added to the end of a document; includes supporting…
Competitive and concentrated markets
Price taker
Price maker
Competitive market
Concentrated market
a firm which accepts the ruling market price set outside its…
a firm possessing the power to set the price within the market
firms strive to outdo their rivals, but does not necessarily…
market containing very few dominant firms - in extreme cases…
Price taker
a firm which accepts the ruling market price set outside its…
Price maker
a firm possessing the power to set the price within the market
35 terms
Economics Chapter 7: Market Structures
market structure
perfect competition
price-fixing
pure competition
market classification according to number and size of firms,…
the ideal model of a market economy; the market structure in…
illegal agreement by firms to charge a uniform price for a pr…
a market structure with three conditions... very large numbers... i…
market structure
market classification according to number and size of firms,…
perfect competition
the ideal model of a market economy; the market structure in…
27 terms
Chapter 7: Market Structures
perfect competition
commodity
barrier to entry
imperfect competition
a market structure in which a large number of firms all produ…
a product that is the same no matter who produces it, such as…
any factor that makes it difficult for a new firm to enter a…
a market structure that does not meet the conditions of perfe…
perfect competition
a market structure in which a large number of firms all produ…
commodity
a product that is the same no matter who produces it, such as…
14 terms
Marketing ch 3
environmental scanning
social forces
demographics
blended family
Environmental scanning is the process of continually acquirin…
Social forces are the demographic characteristics of the popu…
Demographics describe a population according to selected char…
A blended family is a family formed by merging two previously…
environmental scanning
Environmental scanning is the process of continually acquirin…
social forces
Social forces are the demographic characteristics of the popu…
8 terms
Econ- Ch 7 1&2
Perfect Competition
Perfect Competition assumes that
Conditions for a perfectly competitive…
Commodity
a market structure in which a large number of firms all produ…
the market is equilibrium and that all firms sell the same pr…
1. many buyers and sellers participate in the market. 2. sell…
a product that is considered the same no matter who produces/…
Perfect Competition
a market structure in which a large number of firms all produ…
Perfect Competition assumes that
the market is equilibrium and that all firms sell the same pr…
31 terms
AQA A2 Microeconomics: Unit 3 Perfect Competition, Imperfectly Competitive Markets and Monopoly
Market Structure
Entry Barriers
Exit Barriers
Natural Barriers
the organization of a market, based mainly on the degree of c…
conditions that make it difficult or expensive for new firms…
costs or other commitments that make it difficult for firms t…
barriers that result from inherent features of the industry s…
Market Structure
the organization of a market, based mainly on the degree of c…
Entry Barriers
conditions that make it difficult or expensive for new firms…
34 terms
economic key terms chapter 4
market structure
price taker
price maker
perfect competition
the organisation of a market in terms of the number of firms…
a firm which passively accepts the ruling market price set by…
a firm possessing the power to set the price within the market
a market that displays the six conditions of: a large number…
market structure
the organisation of a market in terms of the number of firms…
price taker
a firm which passively accepts the ruling market price set by…
10 terms
Buss 2 - Marketing and Competitiveness
Degree of Competition
Marketing
Market Conditions
Competitiveness
The number and size of businesses operating in a given market…
The management process that allows a firm to identify, satisf…
The nature of the product, the needs of consumers, the number…
Characteristics that permit a firm to compete effectively wit…
Degree of Competition
The number and size of businesses operating in a given market…
Marketing
The management process that allows a firm to identify, satisf…
8 terms
Economics Perfect Competition and Monopoly Quiz
Seven Conditions of Monopoly
Six Conditions of Perfect Competition
Barriers to entry
Commidity
1. Single-seller 75-80% market share... 2. Unique Product... 3. Bar…
1. Many buyers and sellers... 2. Identical Products... 3. Informed…
Factors that make it difficult for new firms to enter a market.
A product that is considered the same no matter who produces…
Seven Conditions of Monopoly
1. Single-seller 75-80% market share... 2. Unique Product... 3. Bar…
Six Conditions of Perfect Competition
1. Many buyers and sellers... 2. Identical Products... 3. Informed…
62 terms
Social Studies 4-8:Economics
Free Enterprise System
Command Economy
Socialist System
Capital
America's economic system; private or corporate ownership of…
Economic decisions are made by the central government. Govern…
Government owns most basic industries, decides how much to pa…
Money used to expand a business
Free Enterprise System
America's economic system; private or corporate ownership of…
Command Economy
Economic decisions are made by the central government. Govern…
15 terms
Economics - Chapter 7
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
A market dominated by a single seller
A market structure in which a few large firms dominate a market
A market structure in which a large number of firms all produ…
A market structure in which many companies sell products that…
Monopoly
A market dominated by a single seller
Oligopoly
A market structure in which a few large firms dominate a market
15 terms
Economics - Chapter 7
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
A market dominated by a single seller
A market structure in which a few large firms dominate a market
A market structure in which a large number of firms all produ…
A market structure in which many companies sell products that…
Monopoly
A market dominated by a single seller
Oligopoly
A market structure in which a few large firms dominate a market
5 terms
Topic 3 - SWOT Analysis and External Influences
SWOT Analysis
PESTLE
Porters Five Forces
What are the five forces
the analysis of internal strengths and weaknesses of the busi…
an analysis which involves considering all the external influ…
a method by which an organisation can analyse the competitive…
1. threat of new entrants... 2. threat of substitutes... 3. intensi…
SWOT Analysis
the analysis of internal strengths and weaknesses of the busi…
PESTLE
an analysis which involves considering all the external influ…
7 terms
Industry Analysis
Economic Sector
Industry Sector
Product Life Style
Barriers To Entry
is the broad area of the economy in which a client/company wi…
a narrow classification of companies within a particular econ…
The concept that many products go through a cycle; that is, t…
Factors that make it difficult for a new competitor to enter…
Economic Sector
is the broad area of the economy in which a client/company wi…
Industry Sector
a narrow classification of companies within a particular econ…
32 terms
4. Competitive and concentrated markets
Market structure
Price taker
Price maker
Perfect competition
The otgamisation of a market in terms of the number of firms…
A firm which passively accepts the ruling. Market price set b…
A firm possessing the power to set the price within the market
A market that displays the six conditions of: a large number…
Market structure
The otgamisation of a market in terms of the number of firms…
Price taker
A firm which passively accepts the ruling. Market price set b…
19 terms
Economics AQA A Level Year 1 - Unit 4 Competitive and Concentrated Markets
Market Structure
Price Taker
Price Maker
Perfect Competition
the organisation of a market in terms of the number of firms…
a firm which passively accepts the ruling market price set by…
a firm possessing the power to set the price within the market
a market that displays the six conditions of: a large number…
Market Structure
the organisation of a market in terms of the number of firms…
Price Taker
a firm which passively accepts the ruling market price set by…
32 terms
Economics Chapter 7: Market Structures
market structure
perfect competition
standardized product
price taker
an economic model of competition among businesses in the same…
the ideal model of a market economy; the market structure in…
a product that consumers consider identical in all essential…
a firm that must accept the market price set by the interacti…
market structure
an economic model of competition among businesses in the same…
perfect competition
the ideal model of a market economy; the market structure in…
19 terms
BUSS4 Business examples
Porters 5 forces
Porters generic strategies
Ansoffs matrix
How large can dominate E commerce mark…
Helps to understand extent of competitive rivalry ... 1. Threat…
Provides a source of competitive advantage allowing for succe…
Same product same market: Market penetration... Same product new…
JOHN LEWIS... When... Website made in 2002, they waited to see co…
Porters 5 forces
Helps to understand extent of competitive rivalry ... 1. Threat…
Porters generic strategies
Provides a source of competitive advantage allowing for succe…
5 terms
7.1
Perfect competition
Commodity
Barrier to entry
ImPerfect competition
A market structure in which a large number of firms all produ…
A product such as petroleum or milk that is considered the sa…
Any factor that makes it difficult for a new firm to enter a…
A market structure that feels to meet the conditions of perfe…
Perfect competition
A market structure in which a large number of firms all produ…
Commodity
A product such as petroleum or milk that is considered the sa…
5 terms
Section 1 Perfect competition
Perfect competition
Commodity
Barrier to entry
Imperfect competition
A market structure in which a large number of firms all produ…
A product such as petroleum or milk that is used to considere…
Any factor that makes it difficult for a new firm to enter a…
A market structure that fails to meet the conditions of perfe…
Perfect competition
A market structure in which a large number of firms all produ…
Commodity
A product such as petroleum or milk that is used to considere…
Chapter 7 Market structures
How do the four structures mainly diff…
Perfect Competion
Four Conditions for perfect competition
Barriers to entry
In the number of firms that compete within them.
A market structure in which a large number of firms all produ…
1.) Many buyers and sellers participate in the same market... 2.…
Factors that make it difficult for new firms to enter a market
How do the four structures mainly diff…
In the number of firms that compete within them.
Perfect Competion
A market structure in which a large number of firms all produ…
11 terms
Chapter 12 - Managerial Decisions for Firms with Market Power
Market power
Monopoly
Monopolistic competition
Market definition
ability possessed by all price-setting firms to raise price w…
firm that produces a good for which there are no close substi…
market consisting of a large # of firms selling a differentia…
identification of the producers n products that compete for c…
Market power
ability possessed by all price-setting firms to raise price w…
Monopoly
firm that produces a good for which there are no close substi…
40 terms
Economics chapter 3 and 4 keyterms
technical economy of scale
internal economy of scale
external economy of scale
total revenue
a cost saving generated through changes to the 'productive pr…
cost saving resulting from the growth of the firm itself
cost saving resulting from the growth of the industry or mark…
all the money received by a firm from selling its total output
technical economy of scale
a cost saving generated through changes to the 'productive pr…
internal economy of scale
cost saving resulting from the growth of the firm itself
34 terms
4 - Competitive and concentrated markets
Market structure
Price taker
Price maker
Perfect competition
The organisation of a market in terms of the number of firms…
A firm which passively except the ruling market price set by…
A firm possessing the power to set the price within the market.
A market that displays the six conditions of: a large number…
Market structure
The organisation of a market in terms of the number of firms…
Price taker
A firm which passively except the ruling market price set by…
12 terms
Target #6 Fundamentals of Economics (Competition)
Number of producers
Similarity of products
Ease of entry
Control over price
the number of producers in a given market
the degree to which products in a market are similar
a measure of how easy it is to start a new business and compe…
the degree to which producers can influence prices by increas…
Number of producers
the number of producers in a given market
Similarity of products
the degree to which products in a market are similar
34 terms
AQA Year 1 Microeconomics - Unit 4 Competitive and Concentrated Markets
Market Structure
Price Taker
Price Maker
Perfect Competition
the organisation of a market in terms of the number of firms…
a firm which passively accepts the ruling market price set by…
a firm possessing the power to set the price within the market
a market that displays the six conditions of: a large number…
Market Structure
the organisation of a market in terms of the number of firms…
Price Taker
a firm which passively accepts the ruling market price set by…
34 terms
Economics ch.4 key words
market structure
price taker
price maker
perfect competition
the organisation of a market in terms of the number of firms…
a firm which passively accepts the ruling market price set by…
a firm possessing the power to set the price within a market
a market that displays the six conditions of:... - large number…
market structure
the organisation of a market in terms of the number of firms…
price taker
a firm which passively accepts the ruling market price set by…
18 terms
Unit 3 Vocabulary
business organization
sole proprietorship
liability
partnership
An establishment formed to carry on commercial enterprise
A business owned and managed by a single individual.
The legally bound obligation to pay debts
A business organization owned by two or more persons who agre…
business organization
An establishment formed to carry on commercial enterprise
sole proprietorship
A business owned and managed by a single individual.
Competitive and Concentrated Markets
Market Structure
Price Taker
Price Maker
Perfect Competition
The organisation of a market in terms of the number of firms…
A firm that passively accepts the ruling market price set by…
A firm possessing the power to set the price within the market.
The market that displays the six conditions of: a large numbe…
Market Structure
The organisation of a market in terms of the number of firms…
Price Taker
A firm that passively accepts the ruling market price set by…
50 terms
Business Economics Vocabulary Test 2
Business Model
Entrepreneur
Market Share
Corporation
A concept of what a particular business will do and how it wi…
a person who envisions a new business venture and assumes all…
ONe company's sales, as a percentage of the total for a parti…
A form of business organization that is chartered by a state…
Business Model
A concept of what a particular business will do and how it wi…
Entrepreneur
a person who envisions a new business venture and assumes all…
26 terms
Economics Chapter 7 Review
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
A market dominated by a single seller
A market structure in which a few large firms dominate a market
A market structure in which a large number of firms all produ…
a market structure in which many companies sell products that…
Monopoly
A market dominated by a single seller
Oligopoly
A market structure in which a few large firms dominate a market
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