Examlex
The Germany truck and trailer manufacturer,Schmitz Cargobull,mainly serves customers who are operators of truck or trailer fleets.What sets the company apart is its expertise in telematics (the integrated application of telecommunications data) to monitor the current state of any Schmitz Cargobull-produced trailer.What type of a value-chain support activity is this?
Pure Competition
A market structure characterized by a large number of small firms producing an identical product in an industry (market area) that permits complete freedom of entry and exit. Also called price-taker markets.
Efficient Allocation
The process of distributing resources in a way that maximizes the net benefit received from their use.
Monopoly Power
The ability of a company or group to control the market for its product or service, thus limiting competition.
Local Community
A group of people living in the same area or having a particular characteristic in common, often sharing local governance, resources, and interests.
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