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Free Enterprise

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Casey Robertson
Casey Robertson

Marketing 6621

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Free Enterprise
Free Enterprise Production and distribution of goods/services are privately owned and operated
Which means… Companies control what and how much of a product/service produced Market determines prices by supply and demand Encourages Entrepreneurship
Principles of Free Enterprise Freedom of ownership Competition -Direct, Indirect, Price, Non-Price Risk Profit
Benefits of Marketing in Free Enterprise Improves Products Lowers Price

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Free Enterprise