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FULL LENGTH RESEARCH
MATHEMATICAL MODEL TO PREDICT FIXED TIME AND PRICE RATE OF MACHINE PRODUCT IN A COMPETITIVE MARKET
*Eluozo S.N and 2Eluozo .S
*Subaka Nigeria Limited Port Harcourt Rivers State of Nigeria 2Department of management, faculty of management sciences, Rivers state university of sciences and Technology Nkpolu, Port Harcourt
Email: solomoneluozo2000@yahoo.com
Accepted 20 October, 2014
Predicting a time price of machine product in competitive market has been thoroughly expressed, evaluation of this product on its prices rate is imperative because the quality of the product determine the rate of demand by consumers in competitive market, fixed time and prices of machine were express mathematically to monitor the influences from other brown including consumer behaviour that are reflected on the fixed time and prices of the product, the developed model expressed various conditions that influences fixed time and prices of the product, fixed time are establish base on the competitive rate of the brown with others, more so fixed time are establish base on the demand of the brown, this implies that it is equally competing very well with other brown in the market, the efficiency of machine and its durability product are the basic concern of consumers in the market, therefore the express derived model considered this products in different conditions as it is expressed in the system, they are reflected on four basic dimensions of marketing products, the derived model will definitely improve monitoring of machine product on its fixed time and prices in competitive market. Keywords: mathematical model, fixe time, price, machine product, and competitive market
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Current Issue: October: Vol. 1(2) pp.16-39
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Palgo Journal of Business Management |
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