First, explain the overall market and market characteristics that best align with the company or business at which you are employed. Explain why to fully support your answer. Second, does the company or business where you work have characteristics of more than one market (e. g., both oligopoly and monopolistic competition)

Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want

Explanation:

Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want. My company in this case study is an industrial company(that sells pumps, Industrial consumables), and most times we don't actually have a place where we go to sample our products except for exhibitions. What we do most times to sell our products is to reach out to our clients through social media, television and radio ads, going to them for presentations. It is oligopoly kind of business, meaning they are competitions and we have a few firms that dominate the market, so we have to brand ourselves very well in performance and competency to beat the competition.