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6 December, 01:44

What is the term for the type of competition based on buyers' perceptions of the benefits of products offered by particular companies?

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  1. 6 December, 04:12
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    This type of competition is called the pure competition. Sellers would always base their products to the buyers' perceptions of the benefits of the products offered by particular companies. In pure competition, the sellers would always see to it that their customers will be satisfied with their products or else the customers would be shifting to the other company.
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