market dominance

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market dominance

see DOMINANT FIRM.

market dominance

a situation where a single firm or a number of firms that restrain competition between themselves (see CONCERTED PRACTICE, COMPLEX MONOPOLY)

account for a significant proportion of the total supply of a particular good or service. Such a firm or group of firms may be able to exercise a considerable degree of MARKET POWER in determining the price of the product and other terms and conditions of supply in a way that is prejudicial to the interests of consumers.

In the UK the ‘abuse’ of a dominant position in a market is prohibited by the COMPETITION ACT 1998. A dominant position is defined as one where a single firm or group of firms controls at least 40% of the reference market. Cases involving market dominance can be referred by the OFFICE OF FAIR TRADING to the COMPETITION COMMISSION for investigation and report. See DOMINANT FIRM.

References in periodicals archive ?
However, performance varied among the banks reviewed, mostly as a result of their different franchise and niche strategy.
Niche strategy implies the firm concentrates on a particular buyer group with a high degree of expertise, and/or acquires superior capabilities within a particular product or service category (Cavusgil and Knight 2015).
Chinese investors pursue a niche strategy, he says, searching out the big players in relatively small areas.
In line with this mission, Sekerbank has brought banking services to segments that do not regularly access such services and also gives priority to projects from many other regions and cities of Anatolia in addition to those from big cities and large companies, thus acquiring a special and distinctive position in the sector thanks to its niche strategy.
While some advisors worry that a niche strategy will alienate prospects who fall outside their stated niche, according to Cerulli's research, these strategies also offer opportunities.
Creating a niche strategy requires the propensity to think outside your comfort zone and the here-and-now, and explore new ideas.
--The niche strategy. This strategy looks to be accessible for smaller firms and serve as an alternative for direct competition with big companies.
But the common bond foundation of credit unions requires them to develop a niche strategy to serve those common needs.
A review of scholarly journal articles, books and other research materials from the domain of marketing and management was utilized to find evidence of theories and models to support or refute the use of the market niche strategy as a potential solution for the maintenance and/or success of companies in the context of the global economic crisis.
This niche strategy has been communicated to the business and consumer public alike under the heading 'customise your experience'.
The fund focuses on relative value, a niche strategy within the asset class.
* Pursue a Niche Strategy."Target your audience and send a clear, concise message."