Dynamic Market Flashcards by Matthew Musgrave

Q

Dynamic Market - Benefit (5)

A

They are fast changes
Consumer trends appear quickly
If business can adapt to these trends
They can differentiate and gain first mover advantage
PED

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Dynamic Market - Drawback (4)

A

Change rapidly
Products need to keep up with trends in the market
High investment into R&D
Link to Liquidity

How well did you know this?

1

Not at all

2

3

4

5

Perfectly