Market Structures Essays (Examples)

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Market Structure of Subway Sandwiches at the

Words: 635 Length: 2 Pages Document Type: Essay Paper #: 81463000

Market Structure of Subway Sandwiches

At the national level, Subway operates in a nearly perfectly competitive market: there are a number of franchise competitors (Blimpee, Quiznos), regional chains, and independent establishments, and supermarkets Market barriers are reasonably low (a food truck can offer sandwiches and compete with a local Subway), consumers have a high degree of buying power (there is a low commitment level when buying a sandwich) and there are many available substitute goods. However, in some areas, competition may be less 'perfect' depending on the availability of other establishments where people on a quick lunch break can eat. Although there still may be many possible options, such as bringing lunch, the location and lack of competitors can make it easier for a Subway to thrive within a certain area.

Q2. What type of competition does your firm face? Who are some competitors? (Even if you said your firm…… [Read More]

References

Weiss, Steven. (2011). Subway vs. Quiznos. QSR Magazine. Retrieved April 18, 2011 at  http://www2.qsrmagazine.com/articles/columnists/steve_weiss/1008/ 

Zajac, Andrew. (2010, August 25). Restaurant chains, vending machines will have to post calories. LA Times. Retrieved April 18, 2011 at  http://articles.latimes.com/2010/aug/25/nation/la-na-fda-calories-20100825
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Market Structure and Pricing Strategies

Words: 3091 Length: 9 Pages Document Type: Essay Paper #: 49191873

market structures in detail and analyses the pricing strategies that the firms have to undertake when they operate in different regimes. The case study on Toyota is considered next, which indicates that firms competing in various structures does not only have to focus on price and quantity ceteris paribus, they also have to consider external and internal variables that have a bearing on these decisions.

Introduction to Market Structures

Market structures are important parts of economic theory as they model market behavior that can help economists explain activities in industry with ease. Market structures, hence are basically models that define market behavior with respect to certain criteria so that it becomes simpler to compare events in real life to the postulated scenario as described in theory in order to be able to determine casualties and to define optimal strategies that firms operating in different market structures can use.

There are…… [Read More]

References

Bennett, D., Hagiwara, Y., & Kitamura, M. (2011, September 5). Toyota Bets on Japan. Bloomberg Businessweek, pp. 70-73,. Retrieved from http://web.ebscohost.com/ehost/detail?sid=fbe40510-c02e-4a4c-afc8-b21dbb1445c3%40sessionmgr11&vid=1&hid=10&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&AN=60477158

Cusumano, M.A. (2011). Technology Strategy and Management Reflections on the Toyota Debacle. Communications of the ACM, 54 (1), 33-35.

John Petersen (2011). Bernstein and Ricardo Report: Cheap Will Beat Cool in Vehicle Electrification. Retrieved from http://www.altenergystocks.com/archives/2011/11/bernstein_and_ricardo_report_cheap_will_beat_cool_in_vehicle_electrification.html

Lipsey, R.G., & Chrystal, K.A. (2007). Economics. Oxford: Oxford University Press. Retrieved from  http://books.google.com.pk/books?id=HgXWV8JMC10C&printsec=frontcover&dq=Economics+lipsey&hl=en&sa=X&ei=qPIuT9DdPM7wrQeQ_LzYDA&redir_esc=y#v=onepage&q=Economics%20lipsey&f=false
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Market Structure You Believe Wal-Mart

Words: 647 Length: 2 Pages Document Type: Essay Paper #: 19767209

Mergers can also help at least come domestic companies become competitive with international ones. Mergers potentially free up increased money for research and development.

Yes, it is possible for mergers to be beneficial overall. There is no blanket yes or no judgement that applies to whether or not mergers are beneficial. They are generally beneficial if the above conditions are met along with the following conditions: There remains sufficient competition that the newly formed company cannot enforce monopolistic conditions and that there remains freedom of entry into the market sector for new firms.

3. Why are competitive markets considered more efficient than monopolistic markets? Give economic reasons. Give a real-live example of a market that tends to be competitive and one that tends to be monopolistic. Describe characteristics that support your classification. Is there evidence of efficiency or inefficiency in either of the markets you describe?

Competitive markets are considered…… [Read More]

References

Managerial Economics: Economic Tools for Today's Decision Makers (6th ed.). Retrieved from  http://www.coursesmart.com/login .
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market'structure and economics

Words: 658 Length: 2 Pages Document Type: Essay Paper #: 11283056

Elasticities & Market Structure

There are many different factors to consider when making strategic decision such as the one that Autoedge currently faces. The board of directors needs to consider many different implications that might occur if the company decides to relocate its manufacturing to the United States. If the company manufactures its products domestically, then one possible implication might be that this could add value in terms of consumer perceptions. Although it seems that the "Made in the USA" brand maybe a secondary consideration for many consumers, there is some evidence that it does actually add substantial value to products and services. For example, one study found that (Schurenberg, 2012):

"In a study of consumer perceptions of clothing made in the United States vs. that made in China, Jung Ha-Brookshire, an assistant professor at the University of Missouri, found that when offered a choice between a shirt made in…… [Read More]

Works Cited

Bennett, J. (2015, 9 18). 5 Things to Know About the U.S. Auto-Parts Industry. Retrieved from Wall Street Journal:  http://blogs.wsj.com/briefly/2015/09/18/5-things-to-know-about-the-u-s-auto-parts-industry/ 

Schurenberg, E. (2012, November 22). What Is 'Made in America' Worth? Retrieved from Inc.:  http://www.inc.com/eric-schurenberg/what-is-made-in-america-worth.html
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Managerial Decision Making and Market Structure

Words: 1532 Length: 5 Pages Document Type: Essay Paper #: 94174272

Market Structure and Managerial Decision Making

The objective of this paper is to discuss the concept game theory in the competitive market environment where there are two or more firms competing against one another. The paper cites the examples of Nash equilibrium, prisoner dilemma, and dominant strategy. Moreover, the paper discusses the theory of perfect competition, monopoly, monopolistic market and theory of oligopoly. (Bhat, and au, 2008).

Game Theory

The game theory is a type of situation where the rewards or payoff given to any player depends on the action of the other players. The interdependence between two or more firms is referred as a game theory, and the rewards earned by a firm is known as a payoff, and the payoff matrix assists in analyzing the interdependence between firms. A duopoly is an interdependence between two players that may result in a game theory. However, a relationship between two…… [Read More]

Reference

Bhat, M.S., and Rau, A.V. (2008). Managerial Economics and Financial Analysis, Hyderabad, IND BS Publications, ProQuest ebrary. Web. Retrieved April 20, 2016, Chapter 4: Market Structures, pp. 85-107.

Krugman, P. & Wells, R. (2012). Economics and Microeconomics (Third Edition). Worth Publisher.

Mjmfoodie. (2011). Episode 29 Monopolistic Competition [Video File]. Retrieved from  https://www.youtube.com/watch?v=T3F1Vt3IyNc 

Links to Government Regulation of Monopoly
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Nordstrom Market Structure the Market Structure of

Words: 4054 Length: 12 Pages Document Type: Essay Paper #: 13105530

Nordstrom

Market Structure

The market structure of the retail industry is that of monopolistic competition. As its name suggests, monopolistic competition is an environment composed of a large number of firms each with a portion of the market. The firms in this type of market structure have similar products but they are differentiated in some way. Nordstrom's for example has private brands that only Nordstrom's can carry. These brands include Hotel Collection sheets, Martha Stewart cookware, Psycho Bunny for men, INC brand clothes for women, and much more. Even though these product offerings may be similar to competitors in regards to color or value proposition, they are differentiated by the fact they are only offered at Nordstrom's locations. Furthermore, there are many firms competing within the retail environment. For example, Nordstrom's must compete with JC Penny, Target, Wal-Mart, Dillard's, Sears, internet stores, and many other outlets. All of these competitors…… [Read More]

9) Thau, Barbara. "Macy's Doubles Down on Its 'Omnichannel' E-Commerce Future." DailyFinance.com. 23 June 2011. Web. 24 Feb. 2012. .

10) Wahba, Phil. "Sears Closing More Stores as Holiday Sales Slide." Reuters. Thomson Reuters, 27 Dec. 2011. Web. 24 Feb. 2012. .

11) Kaplan, Stephen. "Capital Ideas - The Evolution of U.S. Corporate Governance." The University of Chicago Booth School of Business - Business School, Full-time, Part-time, Executive MBA Programs. Web. 13 Jan. 2012. .
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Lacoste Market Structure of Lacoste Inc Market

Words: 655 Length: 2 Pages Document Type: Essay Paper #: 54100896

Lacoste

Market structure of Lacoste INC.

Market structure

According to Michael Porter's Five Forces analysis, five external pressures shape the apparel market of which Lacoste is a part. Lacoste is a high-end sports clothing manufacturer, famous for its pocket 'crocodile' logo. However, despite the durability of the brand, Lacoste faces a number of challenges. The bargaining power of suppliers, the bargaining power of consumers, the threat of substitutes, barriers to entry, and degree or rivalry between competitors can all impact the high-end clothing market (Michael Porter's five forces analysis, 2011, Quick MBA)

Effect of new companies entering the market

Within the high-end sports clothing market, barriers to entry are moderate. It takes a tremendous degree of organizational might to achieve the status of Lacoste, and the company is large enough to operate on economies of scale. However, smaller, more 'boutique'-oriented firms can also produce high-end sports clothing for customers within…… [Read More]

References

Lacoste. (2011). Official website. Quick MBA. Retrieved October 22, 2011 at  http://shop.lacoste.com/Polo-Shirts-Men-Products/b/2248337011?ie=UTF8&title=Polo%20Shirts 

Michael Porter's five forces analysis. (2011). Quick MBA. Retrieved October 22, 2011 at  http://www.quickmba.com/strategy/porter.shtml 

Wilson, Eric. (2006). Bernard Lacoste. The New York Times. Retrieved October 22, 2011 at  http://www.nytimes.com/2006/03/23/business/23lacoste.html
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Mcdonald's Market Structure Mcdonald's 2010 Is One

Words: 639 Length: 2 Pages Document Type: Essay Paper #: 93276133

McDonald's Market Structure

McDonald's (2010) is one of the most recognizable brands around the world. It is the world's largest food chain and has more than 32,000 locations in more than 110 countries. Operating it's own brand, McDonald's franchises its brand to local business people; approximately 70% of McDonald's restaurants are franchised. As of 2009, 80% of McDonald's restaurants were franchised business with the remaining 20% being were company-operated. McDonald's serves more than 47 million customers on a daily basis and employs upwards of 1.5 million people. The chain has adapted to cultural regions and offers items such as the Teriyaki Mac in Japan, substitutes lamb for beef in India, and offers variants of the Filet-O-Fish in China ("Fast Food Market Share," 2011).

McDonald's functions as an oligopoly in the burger themed fast food franchise industry. An oligopoly occurs when few firms dominate the market. For example, in the Spanish…… [Read More]

References

Humphries, J. (2011). Fast Food Market Share. Retrieved from Next Generation Food:

 http://www.nextgenerationfood.com/article/fast-food-market-share/ 

McDonalds (MCD). (n.d.) Retrieved from Wikinvest:

 http://www.wikinvest.com/stock/McDonald%27s_%28MCD%29
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Generic Strategies for Consolidation and an Explanation of Market Structure

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 14269225

Marketing

Consolidation Strategies and Market Structure

Consolidation

Business may need to adopt a strategy of consolidation. he financial pressures in healthcare organizations have been noted as increasing the occurrence of consolidation (Goldstein, 2012). here are different consolidations strategies available, the choice of strategy should depend in the firms own situation and the general macro-environmental conditions as well as opportunities that exist. Berkowitz (2010) outlines four potential strategies; divestment, pruning, retrenchment, and harvesting. Each may be considered individually.

Divestment occurs where a business unit or product line is sold. A firm may decide that a particular business unit or product is not profitable, or does not add sufficient value. If the division or product range is profitable, it may be perceived as having a high opportunity cost; investment in one business/product may be tying up capital that may be used elsewhere (Morris, Devlin, Parkin, & Spencer, 2012). If a division is…… [Read More]

The last strategy is harvesting, this is where a there is a gradual withdrawal of support for a product or services. During the withdrawal of support the product or service is still supplied, and demand will usually decrease, or the firm may seek to transfer the demand onto an alterative or substitute (Berkowitz, 2010). The term harvesting refers to the company taking as much revenue as possible from the product or service being harvested, while the demand decreases (Berkowitz, 2010). Harvest strategies are often seen when a product or service is nearing the end of its lifecycle (Kotler & Keller, 2011). For example, a harvest strategy may be used by a pharmaceutical form where newer more effective forms of treatment are being developed, so older products will no longer be needed.

Market Structure

There are four basic market structures which reflect different competitive position. The four models are monopoly, oligopoly, monopolistic competition, and pure competition (Mintzberg et al., 2011; Berkowitz, 2010). A monopoly is where there is only one supplier for a product (Berkowitz, 2010). In this marketplace a consumer has no choice, as there is only a single supplier (Mintzberg et al., 2011). If a single company controls the market and there are no forces of
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Economic Analysis of Supply and Market Structure of Healthcare Industry

Words: 1578 Length: 5 Pages Document Type: Essay Paper #: 74708771

Product or Service Supplied
The product supplied to patients is generic pharmaceuticals. “A generic drug is a pharmaceutical drug which is equivalent to a brand-name product in dosage, route of administration, strength, quality, Kinetics, and its intended use. It may also refer to any drug which is marketed under its chemical name without advertising” (Moin, 2016). The importance to the customer is an issue of affordability: the patient has to incur fewer out of pocket expenses in order to pay for crucial prescriptions in order to fulfill the needs of their chronic diseases or conditions. Generic drugs are essentially the ones that are comparable to their brand-name twins. “They are comparable in terms of the dosage, effectiveness, and intended use. Generics are important because they are essentially a less-expensive alternative to their brand-name counterparts. This, of course, is expected to be important to those who are ultimately picking up the tab, governments,…… [Read More]

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Market Model Patterns of Change Market Model

Words: 1216 Length: 4 Pages Document Type: Essay Paper #: 89375879

Market Model Patterns of Change

Market Model Pattern of Change

The market model industry I research on is the rental movie industry, which the Blockbuster video was the dominant product. This industry has undergone through gigantic market change over many years. Hollywood video is the national competitor; however, they often compete with the local and regional movie rental industries. The use of the new technology has significantly led to the competition among different companies. The market model pattern of change shows that the industry has competitors or not, also, the costs in the company.

Explain the industry and outline the overall wave of change of the specific market structure

The Blockbuster video once dominated the movie rental industry; this has changed enormously due to the competition in the entertainment market. The evolution of the new technology has led to multiple competitions and has changed the consumers' purchase of the rental…… [Read More]

Reference

Blockbuster LLC, 47). Company Overview. Blockbuster Corporate.

Michael, R.J. (2011). Transaction and Strategies; Economics for Management. Mason, USA

The Motion Picture Association of America. (2011). Mpaa statement on strong showing of support for stop online piracy act. The Motion Picture Association of America. Washington, D.C.

Ford, A.(2009). Modeling the Environment, Second Edition.New York: Island Press
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Market Model Patterns of Change

Words: 1403 Length: 4 Pages Document Type: Essay Paper #: 25248307

Over the last few years, the government has exerted more control on the insurance industry by controlling premium rates meaning the industry has become less competitive on pricing. In addition to this, through Obamacare, the government has set requirements for healthcare insurers which have significantly reduced their medical loss ratio Dinan 396.

The second factor that affects the degree of competitiveness of the industry is the number of companies operating in the industry. This has been the major reason for the hundreds of mergers in the industry since this is the major driving factor for changes in market share. The last factor is government-provided health insurance. The government provides insurance plans which create significant competition for the private companies Vanness and olfe 101()

The productivity measures that can be developed are the number of health insurance consumers, average cost of providing medical cover and price of health insurance premiums. The…… [Read More]

Works cited

Austin, D. Andrew, and Thomas L. Hungerford. The Market Structure of the Health Insurance Industry. Washington, DC: Congressional Research Service, 2009. Print.

Baughman, Reagan. "Differential Impacts of Public Health Insurance Expansions at the Local Level." International Journal of Health Care Finance and Economics 7.1 (2007): 1-22. Print.

Dinan, John. "Shaping Health Reform: State Government Influence in the Patient Protection and Affordable Care Act." Publius 41.3 (2011): 395-420. Print.

Dossche, Maarten, Freddy Heylen, and Dirk Van den Poel. "The Kinked Demand Curve and Price Rigidity: Evidence from Scanner Data." The Scandinavian Journal of Economics 112.4 (2010): 723-52. Print.
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Market Leadership Report Final Project

Words: 3168 Length: 9 Pages Document Type: Essay Paper #: 9237729

Office Depot started its operation five years after Staples. The company has aligned its business strategy to target increasing its market share through business policies similar to those undertaken by Staples Inc. The company is locally owned and faces difficulties in capital expansion to be able to roll more distribution outlets similar to Staples. This has incapacitated the company in acquiring economic of scale in operation. The company currently controls 27% of the total market shares in regions where Staples operates. Office Max is a foreign company that has been in operation for the last 8 years. The company traces its roots in Australia where it controls the largest proportion of office paper supply. In the region, the company has captured 8% of the market share in distributing paper products majorly. The company targets to acquire the market for paper distribution this being where the larger proportion of stationary demand…… [Read More]

References

BAYE, M.R. 2010. Managerial economics and business strategy. 7th ed., New York, McGraw-Hill/Irwin.

BORN, G. 2009. International Commercial Arbitration, Netherlands, Wolters Kluwer Law & Business.

CARNEY, W.J. 2009. Mergers and Acquisitions, Aspen, Aspen.

FLEISHER, C.S. & BENSOUSSAN, B.E. 2007. Business and Competitive Analysis Methods: Effective Application of New and Classic Methods, Upper Saddle River, NJ, Financial Times Prentice Hall.
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Market Model Patterns of Change Sir Madam Answers

Words: 883 Length: 3 Pages Document Type: Essay Paper #: 76379430

Market Model Patterns of Change

Sir/Madam, answers attachment page. But write a APA format, citing quotations a APA format. answers fits 3 pages.

The operating system software industry that was dominated by Microsoft was a monopoly till quite some years back when other players came into the market and disrupted the monopoly. These players include Linux with their various operating system software such as edhat and Ubuntu and Apple with their Macintosh operating system.

The general pattern of change in this particular market model was that of monopoly to oligopoly. There are several short-run and long-run behaviors in the monopoly and oligopoly market models. In monopoly, there is only one market player who has full control over the market. However, in oligopoly, there are several market players who hold different market shares depending on their marketing strategies, brand awareness, product specification, product diversification, etc. Soberman & Gatignon, 2005()

The short-run…… [Read More]

References

Brooks, G.R. (1995). Defining Market Boundaries. Strategic Management Journal, 16(7), 535-549.

Chintagunta, P.K. (1996). Investigating the Effects of a Line Extension or New Brand Introduction on Market Structure. Marketing Letters, 7(4), 319-328.

Soberman, D., & Gatignon, H. (2005). Research Issues at the Boundary of Competitive Dynamics and Market Evolution. Marketing Science, 24(1), 165-174.
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Market Consists of All Firms

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 75481562

Market power can exist when there are substantial barriers to entry into the indus-try. Expectations about incumbent reactions, incumbent advantages, and exit costs all can serve as entry barriers.

The extreme case of a firm with market power is monopoly, where the industry con-sists of only one firm. Here, industry and firm demand curves are one and the same. In contrast to competitive markets, consumers pay more than marginal cost and the firm earns economic profits. Output is restricted from competitive levels. With a monopoly, not all the potential gains from trade are exhausted.

Monopolistic competition is a hybrid between competition and monopoly. It is like mo-nopoly in that firms under both market structures face downward-sloping demand curves. Market power comes from differentiated products. Examples include the toothpaste, golf ball, tennis racket, and shampoo markets. The analyses of output and pricing policies are similar in the two cases. The difference…… [Read More]

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Market Patterns One Industry That Has Shifted

Words: 1231 Length: 4 Pages Document Type: Essay Paper #: 70338621

Market Patterns

One industry that has shifted in the past few years in terms of its structure is the smartphone operating system market. A few years ago, most of the early smartphones were based around proprietary operating systems. Palm and Blackberry dominated the market. Apple joined the industry with the introduction of the iPhone, but more recently other firms have entered the market as well, including Google (Android), indows, Symbian and other systems. The market has moved from a stable oligopoly of four firms basically between two firms into a market that is much closer to monopolistic competition. However, there is the risk that as operating systems shake out, the market could return to an oligopoly of just three operating systems (est & Mace, 2007).

In the short-run, firms in this industry will seek to gain market share through differentiation. The products are slightly differentiated from each other -- they…… [Read More]

Works Cited:

West, J. & Mace, M. (2007). Appropriability, proximity, routines and innovation. Druid Summer Conference 2007. Retrieved February 4, 2012 from http://www2.druid.dk/conferences/viewpaper.php?id=1675&cf=9%20{^

Seppala, (no date). Monopolistic competition. University of Illinois. Retrieved February 4, 2012 from http://www.econ.uiuc.edu/~seppala/econ102/lect15.pdf

Watkins, T. (no date). The transaction cost approach to the theory of the firm. San Jose University. Retrieved February 4, 2012  http://www.sjsu.edu/faculty/watkins/coase.htm 

Blodget, H. (2011). Android is destroying everyone, especially RIM -- iPhone dead in water. Business Insider. Retrieved February 4, 2012 from http://articles.businessinsider.com/2011-04-02/tech/30089528_1_android-phones-google-s-android-smartphone-market
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Market Model Changes the Medtech or Medical

Words: 865 Length: 3 Pages Document Type: Essay Paper #: 11539350

Market Model Changes

The medtech, or medical technology, industry is a large and intensely competitive industry that produces highly innovative medical devices for hospitals and other healthcare facilities in the effort to save lives and improve health for patients (Research, 2012). It is spread across different segments including, cardiology, oncology, neuro, orthopedic, and aesthetic devices. It relies largely on aging baby boomers, high unmet medical needs, and increased incidence of lifestyle diseases, including cardiovascular disease, diabetes, hypertension, and obesity.

The industry is being challenged by pricing concerns, hospital admissions and procedural volume, uncertainty concerning healthcare reform, Medicare reimbursement issues as agencies are looking for cost reduction measures, and regulatory overhang. There is a rise in patients deferring treatment in elective procedures. "One factor aligning economic and clinical forces: in the U.S., the number of medical practices owned by hospitals grew from 25% in 2005 to 50% in 2008" (practice, 2011).…… [Read More]

Bibliography

Blog, I. (2012, Mar 12). MedTech Industry Stock Outlook. Retrieved from Financial Content: http://markets.financialcontent.com/stocks/news/read/20832505/MedTech-Industry-Stock-Outlook

practice, B.G. (2011, Feb 9). Creating a new commercial model for the changing medtech market. Retrieved from Bain & Company:  http://www.bain.com/publicatgions/articles/creating-a-commercial-model-for-changing-medtech-market.aspx 

Research, Z.E. (2012, June 15). MedTech Industry Stock Outlook-June 2012-Zacks Analyst Interviews. Retrieved from Nasdaq:  http://community.nasdaq.com/News/2012-06/medtech-industry-stock-outlook-june-2012-zachs-analysts-interviews.aspx ?
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Market Analysis of House of Fraser House

Words: 804 Length: 3 Pages Document Type: Essay Paper #: 93509961

arket Analysis of House of Fraser

House of Fraser was founded in 1891 by James Arthur in Glasgow. Originally a drapery shop, the store quickly expanded and by the end of 1891, the entire Fraser family was investing in the company. At this point, the store was renamed to Frasers & Sons. Over time, the store expanded from selling draperies to selling clothing, shoes and other department store apparel.

The company has continued to grow through the purchase of smaller companies. In 2005, House of Fraser aquaired Jenner's department store and in 2006 it took over Baugur. In 2008, the company had three new openings in London, Belfast and Bristol. The company continues to grow and is a ripe competitor.

House of Fraser is ranked high in the market overall with its six major competitors being arks & Spencer, John Lewis, Harrods, Debenhams, Selfridges and Fenwick. John Lewis is by…… [Read More]

Mintel (2011), Department Stores Retailing-UK-March 2011,  http://academic.mintel.com/sinatra/oxygen_academic//display/&id=545274 

Office for National Statistics (2012), Consumer Prices Indices- RPI Annual Percentage Changes 1948 to 2011,  http://www.ons.gov.uk/ons/datasets-and-tables/data-selector.html?cdid=CDKQ&dataset=mm23&table-id=2.2 

Wikipedia (2012), House of Fraser,  http://en.wikipedia.org/wiki/House_of_Fraser
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Structure Constrains Growth Bounded Rational

Words: 2848 Length: 8 Pages Document Type: Essay Paper #: 59638757

404). They found that complexity especially in hierarchical organizations strongly determines success of design choice outcomes, especially when endogenous adaptation in different modules delivers "local performance improvement" (Ethiraj and Levinthal, 2004, p. 404). This is based on H.A. Simon's 1962 model of organizations, products and technology as complex, evolving systems where some choices constrain decision-making in the lowest levels, and also "near-decomposability" (Ethiraj & Levinthal, 2004, p. 404), the argument that intermodular interaction becomes clustered over time between "isolated subsets of interactions" (Ethiraj & Levinthal, 2004, p. 404). Specific units interact more than others, i.e. partnering is not uniform across all departments.

Thus arise multiple, unique interactions within the complex firm that allows for complex evolution (Simon, 1962, ctd. In Ethiraj & Levinthal, 2004, p. 404). This becomes problematic to predict, as an empirical phenomenon that develops organically. Numerous researchers had described possible designs of various complexity, but choosing which…… [Read More]

Predictions from transaction cost, resource-based, and real options theories. Journal of Management 29(6), 937 -- 961. doi:10.1016/S0149-2063(03)00085-0

Nickerson, J.A. And Zenger, T.R. (2002). Being efficiently fickle: A dynamic theory of organizational choice. Saint Louis: John M. Olin School of Business, Washington University, 1-40. Retrieved from  https://news.wustl.edu/Documents/vacillation.pdf 

Rajan, R.G. And Zingales, L. (2001). The firm as a dedicated hierarchy: A theory of the origins and growth of firms. Quarterly Journal of Economics, Aug. 2001. Retrieved from faculty.chicagobooth.edu/luigi.zingales/papers/research/hierarchy.pdf
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Market Entry the Introduction of

Words: 9989 Length: 27 Pages Document Type: Essay Paper #: 40661812

com. In case of several companies, enhancing customer relationships is among the most capable features of e-commerce. However, whereas the Internet has presented the consent of a novel method to draw and communicate with the customer, hardly few enterprises have discovered a method to efficiently manage interactions with their customers on the Internet. (David, 2000)

The real skill is involved in making the device suitable to accomplishment of the business strategy and also makes profit persistently. (Howard, 1999) This makes McGrath and Heiens to describe the failures of Internet startups as a moot testimony that "the Internet is a tool, not a panacea" and that a "sound business strategy is always a prerequisite for success" Therefore, even though many successes have appeared to day on the Web in the online industry and in the digital forms in general still more are to be explored for accomplishing long-term goals of the…… [Read More]

References

Allbritton, Marcel M; Rogers, Everett M. (1995) "Interactive Communication Technologies in Business Organizations" the Journal of Business Communication. Volume: 32; No: 1; pp: 36-43

Archer, Norm; Head, Milena; Wang, Fang. (2002) "E-Tailing: An Analysis of Web Impacts on the Retail Market" Journal of Business Strategies. Volume: 19. No: 1; pp: 114-120

Baker, John. F. (December, 1998) "Hyper Wars: Eleven Strategies for Survival and Profit in the Era of Online Business-review." Publishers Weekly. Volume: 12. No: 1; pp: 27-33

Beck, John C; Lynch, Patrick D. (2001) Profiles of Internet Buyers in 20 Countries: Evidence for Region-Specific Strategies. Journal of International Business Studies. Volume: 32; No: 1; pp: 57-63
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Market Competition and Regulation the

Words: 2379 Length: 8 Pages Document Type: Essay Paper #: 65812053

Of course, this is a good thing for customers on short-term, but is negatively affects other companies on the market. This is because smaller competitors and especially those that intend to enter the market addressed by IBM find it at least difficult to provide product prices in accordance with those provided by IBM. These smaller companies do not have the ability of reducing their production or operating costs, which does not allow them to introduce competitive prices on the market. This way, they are clearly disfavored by IBM's position and market power.

In addition to this, in a field like it, it is imperative to make continuous investments into the research and development activity. This requires significant capital amounts from these companies. The investment levels that IBM reaches cannot be reached by many of these companies. This makes it difficult for these companies to keep up with IBM and its…… [Read More]

Reference list:

1. Oates, J. (2009). IBM Faces EU Monopoly Probe. Enterprise. Retrieved November 14, 2010 from  http://www.channelregister.co.uk/2009/01/20/ibm_eu_probe/ .

2. Annual Report (2010). IBM. Retrieved November 15, 2010 from  http://www.sec.gov/Archives/edgar/data/51143/000104746910001151/a2195966z10-k.htm .

3. Monopoly: A Brief Introduction (2006). Linux Information Project. Retrieved November 15, 2010 from  http://www.linfo.org/monopoly.html .

4. O'Gara, M. (2010). EC Opens Two Antitrust Investigations of IBM. Retrieved November 15, 2010 from http://soa.sys-con.com/node/1478919.
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Market Analysis and Marketing for

Words: 1837 Length: 6 Pages Document Type: Essay Paper #: 37907304

For this type of customers, Diesel should create a special line of clothing items, different from the one for the primary target customers. For the primary target customers the central piece is the jeans. For the secondary target customers Diesel designers should combine jeans with other clothing items that are best suitable for 25-35 aged customers, that have good jobs and that are present in high social circles. For the secondary target customers the price should be significantly higher than the price for the primary target customers. The secondary target customers are trying to buy a certain status together with the clothing items they buy, so the higher the price of the clothes, the higher the status they are achieving. Other than this, the price should reflect the work invested in creating these clothing items, which require extra care for the secondary target customers.

As mentioned above, the communication strategy…… [Read More]

Reference List

Nordas, H.K. (2004). The Global Textile and Clothing Industry post the Agreement on Textiles and Clothing. World Trade Organization. Retrieved July 8, 2007 at  http://www.wto.org/english/res_e/booksp_e/discussion_papers5_e.pdf .

Diesel History (2007). Diesel Clothing. Retrieved July 8, 2007 at  http://www.diesel.com/#/dieselinfoandpress/ .

Profile of General Demographic Characteristics: 2000. U.S. Census Bureau. Retrieved July 8, 2007 at  http://www.census.gov/main/www/cen2000.html .

Consumer Buying Behavior Notes. Retrieved July 8, 2007 at  http://www.udel.edu/alex/chapt6.html#personal .
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Market Potential and Forecast Analysis

Words: 996 Length: 4 Pages Document Type: Essay Paper #: 37804965

The assumptions of industry structure and pricing are based on the market shares of the leading competitors in the motorcycle market including Harley-Davidson with 65% and Honda with 12.9%. There are over 40 different manufacturers of motorcycles globally who comprise the remaining 22% of the worldwide market (Murphy, 2008). Gaining distribution for a new motorcycle model will be challenging given the concentration level of competitors in the market. As motorcycles are considered discretionary purchases, they are influenced by the consumer sentiment index, the level of per capita disposable income, the downstream demand for motorcycle dealership and repair, and the available time consumers have for using them (Diamond, 2008). All of these factors are taken into account in the factoring of both the baseline motorcycle industry forecast and the hybrid motorcycle forecast as well.

Sales and Unit Forecasts

Using exponential smoothing and an average sale price of $9,100, the forecast for…… [Read More]

References

Diamond, D.. (2008). Managing Incentives for Green Vehicles. Public Manager, 37(4), 15-18.

Lapide, L.. (2009). History of Demand-Driven Forecasting. The Journal of Business Forecasting, 28(2), 18-19.

Patrick Mahoney. (2007, March). Taking the roar out of the crowd: HYBRID MOTORCYCLES. Machine Design, 79(5), 98-100.

Murphy, R., Graber, M., & Stewart, a.. (2010). Green Marketing: A Study of the Impact of Green Marketing on Consumer Behavior in a Period of Recession. The Business Review, Cambridge, 16(1), 134-140.
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Market Failure and Public Policy

Words: 1334 Length: 4 Pages Document Type: Essay Paper #: 67114539

Government intervention can also extend to public goods that cause the private-decision rule to fail in terms of the efficiency rule.

According to Julianle Grand (1991, p. 426), externalities are the focus of market failure, in that they focus on a third party, otherwise uninvolved in the transaction, that is affected by production or consumption. Grand distinguishes between the benefits and costs to such third parties; where the former entails a positive effect to the third party and the latter a negative effect. Markets can then fail when a lower level of activity occurs in the market than is socially efficient, while an overprovision of activity with external costs will also result in greater activity than is efficient.

Grand also mentions increasing returns to scale (Grand, 1991, p. 427), which entails that the average production costs fall with the increase of the production scale. This could lead to market monopolization…… [Read More]

Sources

Grand, Julianle (1991, Oct). The Theory of Government Failure. British Journal of Political Science 21 (4), pp. 423-442. Retrieved from JStor.  http://links.jstor.org/sici?sici=0007-1234%28199110%2921%3A4%3C423%3ATTOGF%3E2.0.CO%3B2-Y 

Mrozek, Janusz (1999, Autumn). Market Failures and Efficiency in the Principles Course. The Journal of Economic Education 30 (4), pp. 411-419. Retrieved from JStor.  http://links.jstor.org/sici?sici=0022-0485%28199923%2930%3A4%3C411%3AMFAEIT%3E2.0.CO%3B2-1 

Zerbe, Richard O & McCurdy, Howard E. (1999, Autumn). The Failure of Market Failure. Journal of Policy Analysis and Management 18 (4) pp. 558-578. Retrieved from JStor.  http://links.jstor.org/sici?sici=0276-8739%28199923%2918%3A4%3C558%3ATFOMF%3E2.0.CO%3B2-2
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Market Efficient Respect Set Information Impossible Makes Abnormal Profits

Words: 2918 Length: 8 Pages Document Type: Essay Paper #: 63233798

Market Efficient espect Set Information Impossible Makes Abnormal Profits

Market Efficient

In his work, Fama argued that given the massive use of resources by the brokerage firm to conduct studies on trends in the industry, the effects of changes in interest rates on corporate balance sheets and expectations of managers and/or political analysts of the companies should be able to systematically beat a generic portfolio with the same risk characteristics.

Since, according to Fama, professional in every situation, the analyst has a fifty percent chance of beating the market; although its specific capabilities did not exist he would beat a lot of the market. The analyst did "help" the market to be efficient if all the investors, in fact, would hold portfolios composed of stock indices, would open up significant opportunities for professional traders to take advantage of the situation. But the movement of traders to that "new market" would…… [Read More]

References

Arrow, K.J., 1959. 'Toward a theory of price adjustment', in M. Abramovitz (ed.), The Allocation of Economic Resources, and Stanford: Stanford University Press, pp. 41 -- 51.

Aumann, R.J., 1964. "Markets with a Continuum of Traders," Econometrica, Vol. 32, No. 1/2, Jan. - Apr., pp. 39 -- 50.

Clifton, J.A., 1977. "Competition and the evolution of the capitalist mode of production," Cambridge Journal of Economics, vol. 1, no. 2, pp. 137 -- 151.

Frank, R., 2008. Microeconomics and Behavior 7th ed. (McGraw-Hill) ISBN 978-007-126349-8.
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Structure and Function of a Military Model

Words: 908 Length: 3 Pages Document Type: Essay Paper #: 74820159

Structure and Function of a Military Model and the Sociological Aspect of the Military

The objective of this work is to describe and discuss the structure and function of one of the six military models and analyze the military as a social institution explaining the relationship impact of social institutions.

The military model that will be reviewed in this work in writing is the Institution/Occupation Model reported to be the model, proposed first in 1977 by Charles C. Moskos. This model involves the identification of "a set of polarized empirical indicators…ranging from an Institutional to an Occupational format of military organization." (Caforio, 2006) In the first proposal of Moskos, there are two "ideal types of armed forces & #8230;defined that can be considered mutually exclusive to some extent." (Caforio, 2006) The original proposal or Moskos was revised and such that made the provision of a "new interpretation that considered the…… [Read More]

References

Andersen, M.L. And Taylor, H.F. (2007) Sociology: Understanding a Diverse Society. Cengage Learning, 2007. Retrieved from:  http://books.google.com/books?id=UILcQZS6Bi4C&dq=military+as+a+social+institution&source=gbs_navlinks_s 

Alpass, F. et al. (1999) Moskos Institution-Occupation Model: Effects on Individual Work Related Perceptions and Experiences in the Military. BNET. Retrieved from:  http://findarticles.com/p/articles/mi_qa3719/is_199907/ai_n8832340/ 

Caforio, G. (2006) Handbook of the Sociology of the Military. Handbooks of Sociology and Social Research. Springer, 2006. Retrieved from:  http://books.google.com/books?id=Iep9WSMEzS8C&dq=six+military+models&lr=&source=gbs_navlinks_s
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Market Orientation and Healthcare Case

Words: 841 Length: 3 Pages Document Type: Essay Paper #: 26572052



3. How the quality of service changed and why?

The quality of service increased significantly as all practices areas of the hospital better aligned to the cultural norms, values and needs of each ethnic population represented by the segments served. The quality also increased because the staff also began to better understand the unique needs of the patients being served, with more emphasis on interpersonal communication than had been the case in the past. This personalization aspect of leadership works both ways; the hospital staff had a much better appreciation and understanding of the unique needs of the population they were serving, and the potential patients and customers developed familiarity and trust with the providers. The next step for the hospital is to create a means to continually evaluate the level of satisfaction they are delivering to patients. The hospital could use the SEVQUAL metrics to evaluate the level of…… [Read More]

References

Barrett, H., Balloun, J., & Weinstein, a.. (2009). How variation in management perceptions affects organizational performance. Quality and Quantity, 43(3), 451-461.

Paul Hughes-Cromwick, Sarah Root, & Charles Roehrig. (2007). Consumer-Driven Healthcare: Information, Incentives, Enrollment, and Implications for National Health Expenditures. Business Economics, 42(2), 43-57.

Ravichandran, K., S. Prabhakaran, and S. Kumar. 2010. Application of Servqual Model on Measuring Service Quality: A Bayesian Approach. Enterprise Risk Management 2, no. 1, (January 1): 145-169.

Wrenn, B.. (2006). Marketing Orientation in Hospitals: Findings from a Multi-Phased Research Study. Health Marketing Quarterly, 24(1/2), 15.
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Market Opportunity Analysis Broadly Speaking

Words: 576 Length: 2 Pages Document Type: Essay Paper #: 10095768

Access the organization's resources to actually deliver what it offers -- does the organization really have the resources, human or otherwise, to achieve this new idea?

5. Access technology -- is there market readiness of technology sufficient -- are technologies adaptive, or in place, that will allow this idea to flourish -- is it the right time?

6. Specify Opportunities in pragmatic and concrete terms- if launched, what are the actual benefits the organization would bring to the offering to achieve a win-win situation in the market?

7. Access opportunity attractiveness using as many resources available as possible -- in order to move forward, the company must assess the market's financial, technological, and competitive situations in a way that is realistic to the event (Stevens, 2006).

By doing this type of robust analysis, the organization is able to move from the ideation stage, through the client decision process as to…… [Read More]

REFERENCES

Cadotte and Bruce. (2003). The Management of Strategy in the Marketplace. Dallas, TX: Thomson/SouthWestern.

Stevens, R. (2006). Market Opportunity Analysis. Binghampton, NY: Best Business Books.
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Market Research at Kudler Foods

Words: 1089 Length: 4 Pages Document Type: Essay Paper #: 89905511

As the elasticity of demand for their products is flat Kudler could easily increase prices on new products and consumers would still buy them. They are missing out on a major opportunity to drive up profitability as a result.

Customer's Preferences for Selection and Unmet Wants

Large-scale retailers often rely on a framework of research to define the preferences and unmet wants or needs of customers by segment and audience (Thompson, Stanton, 2010). This framework impacts everything from the planograms used for laying out retail stores to the definition of pricing and discounting, including seasonal specials on given products (Thompson, Stanton, 2010). Kudler most likely does not have one of these for even the commercial chef market yet, and as a result is missing out on a very significant revenue opportunity. The use of these frameworks can greatly simplify supply chain coordination, store planning, and the development of store promotions.…… [Read More]

References

Bernoff, J., & Li, C. (2008). Harnessing the Power of the Oh-So-Social Web. MIT Sloan Management Review, 49(3), 36-42.

Megan Thompson & John Stanton. (2010). A framework for implementing retail franchises internationally. Marketing Intelligence & Planning, 28(6), 689-705.

Wagner, B. (2010). Authenticity: what consumers really want, International Journal of Market Research, 52(4), 547.
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Market Failure Running Page Government

Words: 2840 Length: 10 Pages Document Type: Essay Paper #: 6310608

They see alternatives and their consequences as costlier and pay very little attention to them. Rationality exists less in public than in private organizations. A public agency's ends often compromise incompatible interests and neither occasionally nor accidentally. Conflict becomes inevitable and the end-system goes haywire. And the end-systems of public organizations are much more complex than those of private ones. The more complex, the harder to institute courses of action, the more results to evaluate, and the greater the chance to sacrifice some ends for other ends. It would be most helpful to find detailed case studies of organizations sharing a common concept so that they can be compared. From the comparison may develop a plan and rational choice (ranfield).

Planning in the Public Domain

Friedmann (1987) introduced the three concepts of rationality as market rationality, social rationality and a combination of these two. Market rationality derives from a philosophy…… [Read More]

BIBLIOGRAPHY

Banfield, E. C (1959). Ends and means in planning. Vol XI (3). International Social

Science Journal. UNESCO Social and Human Sciences.

Friedmann, J. (1987). Planning in the public domain: from knowledge to action.

Stone, D (2001). Policy paradox: the art of political decision-making W.W. Norton & Company
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Market Research at Kudler Foods Market Research

Words: 1015 Length: 3 Pages Document Type: Essay Paper #: 52735183

Market esearch at Kudler Foods

Market esearch at Kudler Fine Foods

The catalyst of any successful business is the ability to quickly translate customer data in its many forms into a competitive advantage (Perreault, Cannon, & McCarthy, 2008). For Kudler Fine Foods, they have many opportunities to learn from their customers and grow their core business in the process. The intent of this analysis is to evaluate how the many concepts, frameworks and structures of market research can be used to augment and strengthen the store's ability to serve existing customers and gain new ones.

etailers especially need to be cognizant of how to best to coordinate all the market research functions in a concerted and focused base of knowledge which can be used for making insightful, intelligent strategic decisions (Perreault, Cannon, & McCarthy, 2008). For retailers this focus needs to include the complete customer experience from an authenticity and…… [Read More]

References

Vasco Boatto, Edi Defrancesco, & Samuele Trestini. (2011). The price premium for wine quality signals: does retailers' information provision matter? British Food Journal, 113(5), 669-679.

Iglesias, O., Singh, J., & Batista-foguet, J.. (2011). The role of brand experience and affective commitment in determining brand loyalty. Journal of Brand Management, 18(8), 570-582.

Morrison, M., Gan, S., Dubelaar, C., & Oppewal, H.. (2011). In-store music and aroma influences on shopper behavior and satisfaction. Journal of Business Research, 64(6), 558.

David Pearson, Joanna Henryks, Alex Trott, Philip Jones, Gavin Parker, David Dumaresq, & Rob Dyball. (2011). Local food: understanding consumer motivations in innovative retail formats. British Food Journal, 113(7), 886-899.
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Market and Mixed Economies Both

Words: 331 Length: 1 Pages Document Type: Essay Paper #: 4833070

Because of the free-price system, trading exists in various degrees thus causing a lack of organized trading system. Issues also indicate that market economy creates monolopies that threaten the competitiveness of goods and services. Therefore, the solution to such problem that market economy critics find is to support mixed economy because they need a structured and organized system of trading. But what can a mixed economy provide to the economic condition of a nation? To the proponents of mixed economy, this system can prevent unstable economic conditions because the economic system is controlled. A mixed economy presents both the faces of a free-market and capitalism where people have the right to choose which type of economic system they wish to implement in trading. Additionally, even if free-market also exists in a mixed economy, it is still limited which therefore continues to present a controlled economic condition.… [Read More]

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Market Value of Commercial Property

Words: 1937 Length: 7 Pages Document Type: Essay Paper #: 75803270



It is however important to come up with an integrated proactive management of real property in order to cover most of the risks that affect this market sector.

The requirement for the integrated property management

So as to achieve the required alignment between the strategic decisions of a business and other elements like the organization structure, enabling physical environment and work processes, it is necessary that organizations come with clear methods of managing their property. Proactive management of real estate/corporate property is one of the ways of ensuring that the property is not at risk. It however demands that very clear strategic positions are taken by senior management with clarity of the expected deliverable in measurable terms.

Fig.2 Proactive real estate management

Source

Source: Then (1996).

Conclusion

The market value of commercial property has been fluctuation over time. The last three years has however seen it suffer a heavy hit…… [Read More]

References

Appraiser BC Appraisals Inc. What is a cost approach appraisal method  http://www.bcappraisalsinc.com/faq/what-is-a-cost-approach-appraisal-method.html  (2011).

Deutsche Bank. Real estate markets still in grip of financial crisis (2008)

<  http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000235517.PDF 

Forsyth, S. Why the Market Value of Commercial Property Can Rise & Fall Over Time.(2010)
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Structure of Higher Education Why

Words: 488 Length: 1 Pages Document Type: Essay Paper #: 8293657

..

Question: How might current models of academic organization and governance better adapt to these voices?

Today, universities around the nation have omen's Studies and African-American studies programs and departments, and Latino and Gay Studies departments in some institutions of learning as well. Undergraduate and graduate organizations advocate for these interest groups. Yet one critical shortfall remains that has a seismic, often silent impact upon the representational nature of the university -- financial aid. ere more scholarships available, the diversity of most colleges would increase exponentially. Yet except for a few select, well-endowed institutions such as Harvard that can offer children from families with incomes of less than $40,000 full scholarships, schools often can extend little financial support than access to the increasingly dry well of credit (Harvard announces new initiative aimed at economic barriers to college, 2004, Harvard Gazette). Students from poorer backgrounds may fear burdening themselves with debt…… [Read More]

Works Cited

Harvard announces new initiative aimed at economic barriers to college. (2004).

Harvard Gazette. Retrieved March 20, 2009 at http://www.hno.harvard.edu/gazette/daily/0402/28-finaid.html
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Market for Toscani's in Parramarra

Words: 1450 Length: 5 Pages Document Type: Essay Paper #: 4606065

The segmentation recommended in this marketing plan includes the following:

Ensure that locals (there is an advantage to the restaurant's site) become regulars.

Differentiate the "Italian" notion for those who want something different from "standard," "middle of the road" Italian fare.

Come up with very targeted marketing which ensures focus on the three target customer groups:

Those living/working within a well-defined radius

Those who may know the restaurant from other experiences in Australia

Spur-of-the-moment tourists who see the restaurant and walk in.

Cost structure of industry (especially whether variable cost is a small or large proportion of the normal selling price, and whether there are significant economies of scale of production, importance of transportation costs etc.),

The relative margins earned by restaurants vary from zero to 10% of total sales. Price discounts may be attractive to customers, but can have a dramatic impact on the bottom line if not properly…… [Read More]

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Market Economics Discuss the Role

Words: 1657 Length: 6 Pages Document Type: Essay Paper #: 68191483

To ensure that none of this was taking place, many state regulatory commissions would set prices and monitor the industry. Then, during the 1980's is when deregulation would occur, as many economists felt that they were stifling economic growth. As a result, the different laws were changed, allowing for electric producers to have greater freedoms in: setting prices and determining how it would be distributed. With a host of electric companies, beginning to own others producers in different states and they began to actively trade it. This is important, because it shows how the overall level of government regulation would be reduced. Yet, the various state regulatory commissions would still be able to maintain oversight and control inside their borders. As a result, there was a reduction in the overall amount of regulations, while allowing certain controls to remain in place. When you put these different elements together, this meant…… [Read More]

Bibliography

Aharoni, Yair, 1997, 'Government Intervention in Services,' Changing Roles of State Intervention, State University of New York Press, Albany, pp. 3- 24.

Griffin, James, 2005, 'Electricity a Natural Monopoly,' Electricity Deregulation, University of Chicago Press, Chicago, pp. 2-5.

Klein, Jeffrey, 1996, 'Shall the Elite Inherit the Earth,' Mother Jones Magazine, pp. 3 -- 6.

Harvard Format. http://libguides.library.uwa.edu.au/data/files2/49275/Harvard%20LibGuide%20-%20All%20Examples%20PDF.pdf
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Economic Analysis New Electronics Market Analysis Competitor

Words: 1656 Length: 4 Pages Document Type: Essay Paper #: 18164281

Economic Analysis

New electronics market analysis

Competitor analysis is a tool used in marketing as well as strategic management whereby an assessment of the strengths and weaknesses of an organizations both current and potential competitors is done. A useful technique in carrying out a competitor analysis is the construction of a competitor array. This is done through various steps first identification of the industry that the organization wants to venture into. This encompasses the scope and nature of that particular industry (Abahe.co, 2011). The second step involves the determination of competitors for the intended product. The third thing is identifying customers and the benefits they expect from the organization. It is also crucial to find out the key factors of success in the industry. Through this analysis the organization acquires both defensive and offensive strategic context so that it identifies threats and opportunities that are present. Competitor analysis is therefore…… [Read More]

References

Abahe.co (2011) .Marketing strategy and competitive analysis. Retrieved February 7, 2014 from  http://www.abahe.co.uk/business-administration/Marketing-Strategy-and-Competitive-Analysis.pdf 

Business Book Mall, (2011). How Elasticity of Demand Affects Total Revenue. Retrieved February 7, 2014 from  http://www.businessbookmall.com/economics_19_how_elasticity_of_demand_affects_total_revenue.htm 

Econ Model, (2011). Marginal Cost (MC). Retrieved February 7, 2014 from  http://www.econmodel.com/classic/terms/mc.htm 

Entrepreneur Media, Inc., (2013). Competitive Analysis. Retrieved February 7, 2014 from  http://www.entrepreneur.com/encyclopedia/competitive-analysis
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Game Theory Does Explains Market

Words: 975 Length: 4 Pages Document Type: Essay Paper #: 66523588



c) Mutual Interdependence: This assumption is based on the relationship between two or more individuals where one person depends upon the other for economic interest or benefit. When making a decision one has to consider the effect of his or her decision to the partner. This is common in the Perfect competition -- pure market phenomenon.

With the assumptions above the game theory helps in developing a perfect competition among the consumers.

Goal theory in perfect competition market

It tends to describe market structure based on assumptions which are non-existent, most market systems are imperfect, however the long run and short run situations can help in holding the assumption to be true based on the equilibrium, price and output.

Basic assumptions required for conditions of pure competition to exist as below;

Many small firms: Each producer producing a significant percentage in the total output in the market hence has no…… [Read More]

References

David K.L., (2011). Economic and Game Theory, what is Game Theory. Retrieved April

21, 2011 from http://levine.sscnet.ucla.edu/general/whatis.htm

Geoff R., (2006). Perfect Competition. Retrieved April 21, 2011 from  http://tutor2u.net/economics/revision-notes/a2-micro-perfect-competition.htm 

Theodore L.T. & Bernhard S., (2001). Game Theory. Texas a&M University, London School of Economics, DAM Research Report LSE-CDAM-2001-09 Retrieved April 21, 2011 from  http://www.cdam.lse.ac.uk/Reports/Files/cdam-2001-09.pdf
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Current Market Conditions

Words: 1949 Length: 6 Pages Document Type: Essay Paper #: 5587997

Whole Foods: Current market conditions

Market structure

The supermarket industry is highly competitive. However, Whole Foods has been able to garner a market advantage through specialization. Whole Foods is a national chain but offers exclusively organic items to customers, thus conveying additional value for a specific yet rapidly-expanding demographic of customers. Growth in the organics market remains strong, even though it experienced a downturn after the recession. "According to the Organic Trade Association, U.S. sales of organic food and beverages have grown from $1 billion in 1990 to $24.8 billion in 2009. That's 18.4% growth annualized over 19 years" (Beyers 2011).

As well as health-conscious consumers, Whole Foods also offers a wide array of international, gluten-free, peanut-free, and other specialty items. It is a relatively large chain, although still dwarfed in size by major national supermarket retailers like Wal-Mart. Thus, the market structure is that of a competitive market, with…… [Read More]

References

Green, Tara. (2012). Despite its efforts, even Whole Foods cannot keep GMOs out of the products it sells. Natural News. Retrieved:

 http://www.naturalnews.com/032628_Whole_Foods_GMOs.html#ixzz24bQ4TLq3 

Beyers, Tim. (2009). The secret to Whole Foods' success. Motley Fool. Retrieved:

 http://www.fool.com/investing/general/2011/02/28/the-secret-to-whole-foods-success.aspx
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Future Market Condition Analysis

Words: 1159 Length: 4 Pages Document Type: Essay Paper #: 14426156

Dell Computer Future Market Condition: Outlook & Analysis

Market structure

At present, the current structure of the PC market is a market structure closer to one of perfect competition, with a very buyer rather than seller friendly focus. Many buyers and sellers and a high level of price volatility characterize the PC industry. However, no market is a textbook definition of any market structure. Although there are many products in the PC industry, they are not all exactly similar in nature and with many substitutes, and there are higher barriers to industry entry than in other competitive market structures -- thus this state of perfect competition is somewhat limited. (Investopedia, 2005) But overall, Forbes Magazine has said the PC market growth will moderate in 2005 due to a lack of significant new product introductions in a too-competitive marketplace. ("Market Share," 2005)

Impact of New Competitors

No new competitor has quite…… [Read More]

Works Cited

Bean, Michael. (2005) "Anatomy of A Price War." Forio. Retrieved 6 March 2005 at  http://www.forio.com/pricing20010912.htm 

'Dell Is Named in Lawsuit Over Financing." (Mar 4, 2005) Forbes. Retrieved 7 March 2005 at  http://www.forbes.com/associatedpress/feeds/ap/2005/03/04/ap1863170.html 

Investopedia. (2005) "Economics Basics: Monopolies, Oligopolies, and Perfect Competition." Investopedia.com. Retrieved 6 March 2005 at  http://www.investopedia.com/university/economics/economics6.asp  'Market News," (15 Jan 2005) Forbes. Retrieved 7 March 2005 at  http://www.forbes.com/markets/company_news.jhtml?ticker=DELL
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Corporate Business Marketing Structure Analysis of the

Words: 1328 Length: 5 Pages Document Type: Essay Paper #: 59908611

Corporate Business Marketing Structure

Analysis of the Sony Corporation's Market Structure

Sony Corporation is a leader in consumer and professional electronics around the world. It is a company founded in Japan in 1946 with headquarters in Tokyo, Japan. Sony produces a variety of products such as cameras, headphones, speakers, and more. Sony Corporation also generates a great deal of income in the entertainment industry, distributing media such and film and television. It is a brand recognized for quality worldwide. This is a company that makes business partnerships that are prudent and profitable. Japanese cultural and economic histories influence and contribute to Sony's market structure and general success.

Sony is heavily involved with audio recording and engineering technologies. It is possible to construct and supply and high caliber, professional recording studio using only Sony products. This corporation has an outstanding reputation for its cameras. Sony produces numerous consumer cameras, lenses, and…… [Read More]

Reference:

Barrett, Jimmy, Mike Bridges, Steve Day, Matt Klingman, & Chris Mattie. Sony Inc. [Webpage]  http://www.boydassociates.net , 2011, [cited 2011]. Available from
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Ford Future Market Conditions The

Words: 849 Length: 2 Pages Document Type: Essay Paper #: 73229870

Price elasticity of demand

Traditionally, large ticket items do not have a great deal of elasticity in terms of price, because they are viewed as necessary goods, although they are not as elastic as a supermarket item one can 'stock up' on in bulk when it goes on sale. Car demand can be somewhat elastic in the sense that people can elect not to buy a new car, purchase a used car, or lease a model until prices decline -- there are market substitutes that can be cheaper, if the car market prices goods too high, as Ford was pricing its vehicles too high, and producing too many high-cost vehicles. Also, the price of compatible goods like gas can impact the choice of vehicle consumers chose to purchase. The Toyota Prius' popularity grew with the price of gas.

A g.

Competitors

Ford's North American operations lost $1.6 billion in 2006,…… [Read More]

Works Cited

Lassa, Todd. (2007). "Ford brass unveils rescue plan. But is it enough?" Motor

Trend. Retrieved 30 Jun 2007 at http://www.motortrend.com/future/spied_vehicles/112_0604_ford_motor_co

Webster, Sarah. (29 Jun 2007). "Ford leaders talk global warming, fuel economy in letter." The Detroit Free Press. Retrieved 30 Jun 2007 at  http://www.freep.com/apps/pbcs.dll/article?AID=/20070629/Business01/70629071/1014/Business01
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Microeconomic Study the Market for

Words: 3293 Length: 12 Pages Document Type: Essay Paper #: 26362478

However the restaurants collectively are considered to be a luxury good to those within the market. We feel that our brand is a normal good in this market as our cuisine is specific to the taste of the clientele represented by the demographic. Additionally, our decor and quality distinguish our establishment from what are deemed to be the lower quality establishments in the area that would normally represent the 'competition'.

The additional features of our establishment also yield a luxury restaurant as the market deems the bathroom as an important feature in distinguishing a market friendly and luxurious restaurant experience. In many countries it is that way, the food itself does not distinguish the restaurant, as one can ostensibly obtain a great, world-class meal from many restaurants. Indeed, the restroom experience is what qualifies a restaurant as being luxurious or not luxurious.

The market structure that best characterizes the industry…… [Read More]

References

Cadbury Schweppes Announces Intention to Sell Europe Beverages. United States, New York: PR Newswire Association LLC, 2005. ABI/INFORM Complete. Web. 15 July 2011.

Country Forecast Switzerland September 20092009,, The Economist Intelligence Unit, United States, New York.

John Bohannon Contributor to The Christian, Science Monitor 2004, The best food I've tasted - but never seen, United States, Boston, Mass.

Micheloud & Cie (2011) Cost of living in Switzerland: beverages. Switzerland.isyours.com  http://www.isyours.com/e/guide/costoflife/groceries.beverages.html
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E-Commerce Markets and Hierarchy the

Words: 691 Length: 2 Pages Document Type: Essay Paper #: 34390758

Southwest Airlines today exemplifies this positioning of being very market structured in its approach. The company's attributes also reflect Malone (1987) in that the costs of the product, for Southwest due to their foresightful purchase of oil futures, is low, and their costs of coordination are high as they expand across hub cities. Further, Southwest has to this point shunned being listed on websites for comparative shopping including Expedia.com.

What is fascinating to watch in the broader airline industry is the progression from market-centric organizational structures to more network-based. American Airlines and the One World Alliance are a case in point, as is the United Airlines efforts to align with networks of carriers. This progression away from high levels of independence towards a more network-centric approach to the industry is a direct result of increased costs of operation, more of a willingness to share in the collective risk to the…… [Read More]

References

Columbus (2001) - Integrating E-Commerce into Exchanges: Risks and Rewards April 6, 2001. Sam's Publishing Company. Accessed from the Internet on August 11, 2006 at  http://www.informit.com/articles/article.asp?p=21094&rl=1 

Malone (1987) - Electronic Markets and Electronic Hierarchies. Thomas Malone, Joanne Yates, and Robert L. Benjamin. Communications of the ACM. June 1987. Volume 30. Number 6.

Powell (1990) - Neither Market Or Hierarchy: Network Forms of Communication. Walter W. Powell. Research in Organizational Behavior. Volume 12, JAI Press.
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2007 Potato Chip Industry Northwest Competitively Structured

Words: 1716 Length: 6 Pages Document Type: Essay Paper #: 43868554

2007, potato chip industry Northwest competitively structured long-run competitive equilibrium; firms earning a normal rate return competing a monopolistically competitive market structure.

Potato industry

The situation

The competitive business environment of today forces economic agents across the globe to develop and implement a wide array of strategies by which to respond to the challenges of the various stakeholder categories, such as competitors, business partners, employees, customers, the governmental and non-governmental institutions and so on. One particular means by which the companies address these new challenges is that of uniting their forces in order to combine their resources, market shares and capitals and as such become more profitable. Particularly, the economic agents engage in mergers and acquisitions as a means of consolidating leading positions within the market places.

Such a situation was observed within the potato chip industry in Northwest. Up until 2007, the industry was characterized by the presence of…… [Read More]

References:

Mankiw, N.G., Taylor, M.P. (2006). Economics. Cengage Learning EMEA.

Pettinger, T. (2008). Benefits of monopoly power. Economics Help.  http://www.economicshelp.org/blog/365/monopoly/benefits-of-monopoly-power  / accessed on February 1, 2013

Speegle, M. (2009). Quality concepts for the process industry. Cengage Learning.

(2012). Why is competition policy important for consumers? Website of the European Commission.  http://ec.europa.eu/competition/consumers/why_en.html  accessed on February 1, 2013
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Expanding Hotel Business Market Plan

Words: 2344 Length: 8 Pages Document Type: Essay Paper #: 22921184

The hotel seeks to promote its strategic location and incomparable services to boost its sales to the majority of people and tourists visiting Southern California. Its proximity to central Loss Angeles also gives an advantage to the hotel to target the urban dwellers seeking recreation facilities outside the central city.

Marketing programs

Pricing of services and products offered by the Long beach hotel is under management and control of market conditions of demand and supply. Prices are elastic depending on the season of the year. During peak periods, prices for accommodation services range from $100 to $400. These prices aim to meet the demands of a bigger range of people. The prices vary depending on the capability of a customer. Price charge depends on the facilities available in the hotel rooms and other services that a customer may require such as dinner and breakfast. Charges such as $400 per night…… [Read More]

References

Nijssen, E., Frambach, R. (2001). Creating consumer value through strategic marketing planning: A management approach. AH Dordrecht: Kluwer academic publishers.

Westwood, J. (2002). The marketing plan: A step-by-step guide. London: Kogan page Limited

Stapleton, J & Thomas, J, M. (1998). How to prepare a marketing plan: A guide to reaching the consumer market. Brookfield: Growing publishing limited

Berry, T & Wilson, D. (2001). On target: The book on marketing plans. United States of America: Palo Alto software Inc.
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Finance the Market for Wireless

Words: 909 Length: 2 Pages Document Type: Essay Paper #: 79396235

Therefore, while pricing strategies are different, most firms are seeking to differentiate themselves with features they believe will attract their target market, and the pricing reflecting the target market.

Question 2

If a firm such as Samsung wishes to reduce costs there are a number of approaches which may be utilized. Most manufacturers are already using outsourcing for manufacturing either the handsets or some of the components. Costs are often saved by going to firms in countries where there is the ability to makes gains of comparative advantages, especially in areas where wages and overheads are lower. China is particularly well-known as a manufacturing base, but to save costs it would be possible to move to even lower cost countries, such as the African states where there is a lower level of economic development. However, this may also have costs, as the staff may not be as skills and quality…… [Read More]

References

Gartner, (2012, February), Gartner Says Worldwide Mobile Phone Sales Declined 1.7% in 2012, Garner, [online] retrieved 21st Feb 2012 from  http://www.gartner.com/newsroom/id/2335616 

Kotler Philip; Keller Kevin, (2011), Marketing Management, Prentice Hall

Nellis JG, Parker D, (2006), Principles of the Business Economics, London, Prentice Hall
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Botswana Bond Market the Development

Words: 3039 Length: 10 Pages Document Type: Essay Paper #: 85313680

Domestic debt is also needed for monetary policy purposes including for sterilizing inflows of foreign exchange." (Kahn, 2005) In addition bond markets assist in the provision of interest rates across the maturity spectrum and more efficient pricing of risk. y providing an alternative source of financing they reduce concentration of intermediation in banks. ecause lending can be hedged in the bond market, banks have the ability to lend longer." (Kahn, 2005) Kahn notes that PECC (2004) states general requirements for bond market development which include: (1) the simultaneous development of market width, market depth and market infrastructure; (2) effective coordination among government agencies; (3) close public-private sector partnership; and (4) regulation focusing on maintaining and enhancing transparency and the treatment of taxation. (Kahn, 2005) Kahn concludes by stating that if bond markets are to be development in SSA or in other emerging markets, the role of the state becomes critical,…… [Read More]

Bibliography

Adelegan, O. Janet and Radzewicz-Bak, Bozena (2009) What Determines Bond Market Development in sub-Saharan Africa? International Monetary Fund. IMF Working Paper. Sept 2009. Online available at:  http://www.imf.org/external/pubs/ft/wp/2009/wp09213.pdf 

Armstrong's Guide to Investing and Doing Business in Botswana (2008) Online available at:

www.armstrongs.bw/.../11%20-%20Doing%20business%20in%20Botswana.doc

Developing Government Bond Markets (2001) International Monetary Fund -- A Handbook. 2001 July. Washington, D.C.
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Apple Market Share Increase for Ipad 4

Words: 4916 Length: 4 Pages Document Type: Essay Paper #: 30566564

Apple needs to increase its market share for iPad 4.

Product outline

Apple Inc. is a well known technology firm that specializes in designing, production and selling of computers, mobile phones and music related devices. The most outstanding feature of Apple Inc. is the brand-perception as well as identification. Apple has built itself to become a cult-brand over the last decade with the strategy to invest and market iTunes, QuickTime and iMaclines working to fortify the brand loyalty hence the cult-brand formation. The short-term goals that Apple Inc. put in place are geared towards increasing the sales of the iPad which is one of the most recent products of Apple. Apple Inc. is a fairly large corporation with a huge startup capital base and a corporate culture that is inclined towards engineering and innovation. It is known to properly utilize the bureaucracies that exist and also possessing good customer culture…… [Read More]

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Apple increase in market'share for iPad 4

Words: 4916 Length: 13 Pages Document Type: Essay Paper #: 20911327

Apple needs to increase its market share for iPad 4.

Product outline

Apple Inc. is a well known technology firm that specializes in designing, production and selling of computers, mobile phones and music related devices. The most outstanding feature of Apple Inc. is the brand-perception as well as identification. Apple has built itself to become a cult-brand over the last decade with the strategy to invest and market iTunes, QuickTime and iMaclines working to fortify the brand loyalty hence the cult-brand formation. The short-term goals that Apple Inc. put in place are geared towards increasing the sales of the iPad which is one of the most recent products of Apple. Apple Inc. is a fairly large corporation with a huge startup capital base and a corporate culture that is inclined towards engineering and innovation. It is known to properly utilize the bureaucracies that exist and also possessing good customer culture…… [Read More]