Examlex
Inside salespeople are of three types.These include the technical support people,the sales assistants,and the _________ who use the phone to find new leads,qualify them,and sell to them.
Homogeneous Products
Goods that are seen as identical by consumers, making them perfect substitutes for one another.
Perfectly Competitive
A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit.
Monopolistically Competitive
Describes a market structure where many companies sell products that are similar but not identical, allowing for firms to have some market power.
Market Power
The ability of a firm or group of firms to manipulate the price of goods or services in a market due to lack of competition.
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