Types of market

Difference between local and national market

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Types of Market Features
Business may have a very good relationship with the customer
Communication is easier and cheaper
Market size may be small
Slow spread of reputation
Easy to collect primary data from customers
Changes in customers taste can be noticed quickly
Reputation will spread more quickly
There is a larger potential market
There are high distribution costs
There is a slower communication with customers
Your competitors are nearer to the customers
More chance to earn money

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