Some examples of monopolistic competition include restaurant chains and cereal brands. In monopolistic competition, many producers sell differentiated products that are not exactly alike. More »

Dr. Reed Fisher of Johnson State College lists the key characteristics of monopolistic competition as the number of firms in the market, the ease of access to the market and product differentiation. In monopolistic compe... More »

Monopolies have a negative effect on the entire economy by making it harder for consumers to purchase goods, a trend that leads to lower production in the system. High prices do not affect only the consumer, they end up ... More »

An example of an external customer would be a shopper in a supermarket or a diner in a restaurant. These are people who are external to a business as the source of its revenue. They are often the end-user. More »

An example of causal research would be a restaurant wanting to find out why fewer customers were demanding one of its sandwiches, so management might experiment to find out if possibly the sandwich's current price or a n... More »

Examples of wholesale promotional products include pens, bags, mugs, shirts and key chains. Other products may also include personal hygiene items such as lip balm, disposable items such as water bottles, technological i... More »

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An example of a product line extension is the Toyota Lexus brand, which is a high-end extension of the basic Toyota brand that targets consumers looking for bargains. Diet Coke is a product extension of Coke, introduced ... More »