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Features of Oligopoly

Some of the Features of Oligopoly are as follows. So let us check out some information on oligopoly to know more about it. Related article on Advantages and disadvantages of oligopoly.

  1. Lack of uniformity during oligopoly.
  2. Lack of certainty in oligopoly.
  3. Price rigidity
  4. Ability to set price.
  5. Only few sellers available.
  6. Interdependence
  7. Constant struggle
  8. Homogeneous or distinctive product
  9. During monopoly action of one firm affect the profit of other firms.
  10. Selling cost


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Process Validation Types

Types of Process Validation: There are mainly four types of process validation. Following are some of the types of process validation so let us see all types one by one:

Prospective process validation

Retrospective process validation

Concurrent process validation


Prospective process validation: "Documented evidence - Validation carried out based on the pre-planned protocol"

Retrospective process validation: "Documented evidence - Validation carried out based on the analysis and review of the historical data"

What is the Full Form of MIS?

MIS - Management Information System

MIS is the study of the  organizations, people and technology,to know the relationship among them in terms of computer system.

MIS study using computerized system is used to evaluate the efficiency and effectiveness of decision making of people in an organization.

Strength and weakness of an employee can be identifed with the help of this study.