On Thursday, 18 December 2014
The product market is where products/particular services are sold to households, the money that the households spend on these services or products is returned to the particular business as an income. The regulation of a product market means that there are economic restrictions in the market. The creators must insure that they build a portfolio of knowledge on the market, the consumers and the current competitors in the market. To have a successful market, having a different sales tactic may encourage consumers to buy from you instead of a different company with a similar product, these procedures must still remain clear on what specifically they are trying to sell to you.
