Are Monopoly Industries Unaffected by Marketing?

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Marketing and Sales

Forum 46 Sandip Pandya, United States Are Monopoly Industries Unaffected by Marketing? Businesses in a monopoly market pay less attention to the contribution marketing can make to create and meet the needs of the market. Because the product is in a monopoly market, it's harder to justify the marketing component in the product sale price as are looking into the market size and supply-demand situations. X Welcome to the Marketing and Sales forum. The topic being discussed here is: "Are Monopoly Industries Unaffected by Marketing?". Log in   Comments Sort by date Sort by rating Rating   2 Rumbiey Muchenje Entrepreneur, China   Monopoly Industries are Relatively Unaffected by Marketing An obvious effect of a monopoly situation (such as in many development countries) is that the marketing and advertising industry slowly become unappreciated. This may affect the investment rates in countries, when an investor wants to pour in resources into a country like that he obviously wants to look at the marketing and advertising area, which in most monopolistic industries not exist. Another effect is that any multi-national wishing to do business in the country would rather get foreign advertising agencies to work with them, limiting the scope of work for local agencies. Another effect of industries that are monopolized is that because there is little or no need to market and advertise, the advertising agencies are very limited to fully do what they do best, brand management and development.   2 Dr. Sapna Dadwal Professor, India   Monopoly is Affected by Marketing Monopoly industries ARE affected by marketing to some extent to enhance their market area. If a pr... Sign up   Leave a comment Share your knowledge or experience

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More on Marketing and Sales: Methods, Models and Theories Discussion Topics Implementation of Marketing Strategy Marketing Plan - Key Elements? Strategic Marketing versus Marketing Strategy? The Future of Marketing Why is Marketing Hard? 50 Reasons What is Marketing? (Kotler) 👀 Are Monopoly Industries Unaffected by Marketing? Marketing a Company in Decline Common Marketing Strategy Mistakes? Effect of Culture on Marketing Plan Strategic vs Operational Marketing What is Green Marketing? Definitions Do Big Companies Depend Too Much on Marketing, Finance, Lobbying and Tax Rules? Marketing Ethics 🔥 Authentic and Transparent Marketing Tips for Preparing a Business Plan Radical Marketing Approach The Role and Value of the Marketing Function Marketing Communications Signs of Marketing Weaknesses Is Marketing Management an Art or a Science? What is More Important? Sales Volume or After Sales Service? Marketing Tactics Must be Dynamic What is Social Media Marketing? From a Sales-driven Into a Marketing-driven Company Holistic Marketing What is Lean Marketing? Definitions What is Neuromarketing? Definitions Emergence and Acceleration of the Marketing Profession Hard and Soft Marketing Styles 😜 Impact of Internet on Marketing

Marketing and Sales

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