consumers, and changes in their tastes and habits. The
market structure should be
re-oriented to keep it in harmony with the changes in demand.
3. Costs and Patterns of Marketing Functions:
Marketing functions such as transportation, storage,
financing and dissemination
of market information, have a great bearing on the type of market structure.
Government policies
with regard to purchases, sales and subsidies affect the
performance of market functions. The market structure
should keep on adjusting
to the changes in costs and government policy.
4. Technological Change in Industry:
Technological changes necessitate changes in the market structure through
adjustments
in the scale of business, the number of firms,
and in their financial
requirements.