Assignment on Samsung Mobiles

2663 Words Feb 5th, 2013 11 Pages
Assignment on Samsung Mobile Phones

Samsung Electronics Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol.

Notable Samsung industrial subsidiaries include Samsun (the world 's largest information technology company measured by 2012 revenues), Samsung Heavy Industries (the world 's second-largest shipbuilder measured by 2010 revenues), Samsung Engineering and Samsung C&T (respectively the world 's 35th- and 72nd-largest construction companies), and Samsung Techwin (a weapons technology and optoelectronics manufacturer). Other notable
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The Law of Supply

The law of supply states that, “ other factors remaining the same, The supply of a product increases when price rises and decreases when price falls.

The law of supply is from the producers’ point of view. If the price increases then intend to increase the supply for more and more profits.

The supply is the availability of a product in the market depending on its demand.

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The graph shows us that as the price increases from Re.1 to Rs.5 , the supply also increases from 10 to 50 units.

Market Mechanism

Market mechanism or market forces are nothing but the forces of demand and supply which affect the price of a product.

For example, If the demand increases and the supply is short, the price of a product increases because its value increases in the market.

Similarly, if the demand is constant and supply increases, there are not much consumers to buy the product, the price of that product decreases to promote the sales of that product.

In a monopolistic market, the prices are determined by the market forces and all the firms are price takers.

Market forces affecting Samsung Cell Phones

For instance, we are studying three latest models of Samsung namely Samsung Galaxy S, Samsung Galaxy S II and Samsung Galaxy S III.

Samsung
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