Competition in mass production

S. Marutyan

Journal of Modern Competition, 2007, issue 4, 133-139

Abstract: Equipment or other items and articles production, as well as the service rendering is aimed at gaining the highest profit, if it is possible. It is necessary to bear in mind that several plants may produce the same things. The consumer is free to choose when buying a product or service. In this case the plants enter the competition aimed at getting the highest consumer demand. The author of the article tries to find out what makes a market product or service attractive and what role the producer and the government bodies play in the competition the producers start for the consumers' attention.

Date: 2007
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