Discuss the market forces such as demand and supply

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Discuss the market forces such as demand and supply, elasticity of demand; elasticity of supply; customer perceptions and actions, pricing decisions; cost and output decisions; customer expectations, market conditions, economy of scale, labour trends, skills, innovation, competition etc. and explain how the organisations need to respond to or react to those market factors (for example: supermarkets offering many more old brands, or low cost products, joint ventures, outsourcing).

Reference no: EM132178081

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