Sole proprietorship in Monopolistic Competitive Market
Storyboard Text
Sole Proprietorship in Monopolistic Competitive market
Wow! I have finally achieved my dream of owning my own clothing store!
I know I will have competition from other clothing stores but I have better customer service and the store is conveniently located.
I didn't realize how tough it would be owning my own clothing store. There is so much competition!
I'm concerned that people won't come to my clothing store because I'm not on Main Street.
We all own our own stores and we compete for business. We all sell clothes so we have to differentiate products through advertising, location, and customer service.
Hey with all of these clothing stores someone should open a fast food restaurant!