2. Definition of Market It is an arrangement that allows buyers and sellers to exchange goods, services, and information. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded.
10. Enjoying decadal leadership in beauty soap industryMarket Competitors Few local brands like meril, keya, tibbet, lilly, cosco, lifebuoy, aromatic
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12. Oligopoly – As LUX Resembles… Small number of firms Interdependence Barriers to entry Limit pricing Non-price competition Advertising Quality variation Branding