The interaction between supply and demand and the functioning of the price mechanism occur in the market in conditions of competition between buyers and between sellers. Competition (translated from Latin means “to converge”, “to collide”) is an economic rivalry, the competitiveness of isolated commodity producers and consumers for obtaining maximum income. A. Smith figuratively called […]
Tag: assortment
Basic competitive strategies
This topic focuses on gaining and maintaining a competitive advantage through a successful strategy and optimal value chain management. The study of the problems of creating and maintaining a competitive advantage is devoted to the fundamental work of M. Porter, Competitive Advantage. This topic is largely based on the material in this book. Consider also […]
Essence, benefits and efficiency trade and intermediary operations
Transactions facilitated by resellers are now becoming increasingly common. From a commercial point of view, resellers include persons who are legally and economically independent of producers and consumers, trading firms, organizations that stand between producers and consumers of goods. In what cases the use of intermediary services is not only justified, but even a necessary […]