- Describe ways to increase market share
- Compare various forms of competition (pure competition, monopolistic competition, oligopoly, and monopoly)
- Describe how various laws (e.g., Sherman Antitrust Act and Robinson-Patman Act) impact competition
- Describe the process of conducting an industry analysis
- Define benchmarking
- Discuss the importance of benchmarking
- Research and apply best practices, through benchmarking, for specific business situations
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