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Carmaker,Kia,knows that to reach its target markets three kinds of marketing channels may be used.What are these three marketing channels and how might Kia use each of them?
Competitive Industry
An industry characterized by a large number of firms competing with each other, leading to efficient outcomes and low prices.
Cost Information
Data regarding the expenses incurred in the production, distribution, and sale of a product or the delivery of a service.
Demand Curve
A graphical representation showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at different prices.
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single entity has significant power to influence the market price.
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