Benefits Of Subscription Based Mobile Phone Contracts Essay

Recession have a huge impact in the industry because it reduces consumer’s purchasing power which leads to reduce expenditure in different goods and services

Trends in the market include the growing number of people within the 15-29 age range. Also, phones are being used for much more than just calling, other functions like texting and music playing capabilities have dominated much of a user’s data usage. As for market characteristics, the mobile industry has reached almost 50% penetration with about 130 million subscribers, and reaching its maturity. The cost structure has been very confusing for consumers, with hidden fees, overcharges, and lacks to reward users who do not use their plans to the max. And finally, channels include all service provider stores and retail consumer stores, for example, Target, Walmart, and Best Buy.

Businesses are affected by the economy and sometimes the economy can have a dramatic drop in countries causing issues for some business mainly due to 4 factors. These factors are inflation, Economic growth, Exchange rates and unemployment.

The future of the telecommunication industry is an exciting future. No longer can these companies depend on telephone service plans to maintain profit. Each company needs to find other avenues, packages and services that can be sold to existing customers while attracting new customers. The companies

Unit 38 Business and the Economic EnvironmentLearner name Assessor nameSameeha Hussain/Antonio ZarroDate unit issuedUnit DeadlineDate unit submitted by student27/01/1419/04/14 Criteria referenceTo achieve the criteria the evidence must show that the learner is able toAsst Task no. Assessor initial date when metPASS CRITERIAP1 Explain the effects of changes in the economic environment on a selected business P2 Identify how government policies impact on a selected business P3 Identify the impact of government spending on a selected businessP4 Explain how both fiscal and monetary policy decisions have affected a selected businessP5 Describe the impact of international factors on a selected business M1 Analyse the implications of

The telecommunications industry has steadily rebound since 2009; this is because of the growth of not only the mobile and broadband structures, but also the increase of the video market. In Figure 1, the projected outcome is indicates a steady increase in the new 4G mobile broadband networks which will fuel continued wireless growth. “Business customers in particular will continue to use this technology to expand their capabilities beyond the desktop computer. Emerging markets such as China, India and Latin America are expected to see strong growth,” (Verizon, 2011).

In the present day, most people have cell phones. It is also true that most people have a negative experience with a cell phone company imposing early termination fees. When people activate their cell service, they are forces to enter a binding contract for one to two years. If the customer agrees to the contract they will be obligated to pay the whole contract term or they will be assessed the early termination fee. However, the days of cell phone contracts early termination fees are beginning to change.

In basic terms, a market structure regarded monopolistic is deemed to have some elements or components of both competition and monopoly. In such a market structure, there exists a large number of entities offering for sale goods that in addition to being substitutes also happen to be differentiated significantly. In this text, I highlight the mobile phone market monopolistic competition. Further, I discuss how such a market would be impacted by both an increase in the price of an input regarded important and a decrease in the demand of mobile phones.

Today indonesia goverment make a new rule for the people who using cellphone. The users have to do registration well if they buy a new sim card. They have to add the right information about them. If they do not do that seriously their sim card will be blocked by the operatore. The goverment make this rule, because many criminals happened by the phone especially phonenumber. There are two adventage why we need citizen privasy.

I have gone through many years of switching between phone companies. I have had contract phones such as Sprint, T-Mobile, AT&T, and Verizon Wireless. Although I had a contract cell phone plan for many years I am happy that I have finally switched to a prepaid service plan. I now have a prepaid service plan called Straight talk. Straight talk is a service provided but TracFone wireless. After switching profusely between big name phone companies and different prepaid phone services I have come to the conclusion that it is much easier and cheaper to use pre-paid phones. Prepaid cell phones are better because they can save you money, they have no contracts, and they use the same carrier networks

Through analysis, a need for a new pricing strategy was evident. From the research, it was determined that consumers viewed the monthly usage fee as a tax and deeply resented it, they did not want to pay an activation fee and only wanted to pay for services used. Through the competitor analysis, it was found that Telecom Italia Mobile (TIM) had a strong distribution channel and was primarily directed to upper-class income individuals who used cellphones as a status symbol. As they were essentially a monopoly, their marketing costs were low. From a customer perspective, consumers were impulsive and wanted different rates for local calls, long distance and international calls. With interview with over 5000 current and potential customers, it was also determined that there was low brand loyalty, high consideration scores on activation cost and disliked the monthly fee.

Business, consumers and employees are more weak to downturns in the economies of trading partners. For example, recession in the USA leads to decrease in demand for UK’s exports, leading to falling in export incomes, lower GDP and incomes, decrease in domestic demand and rising in unemployment.

Economic Recession of 2007: What caused it and what were the after effects? Can we predict another major recession?

The main objective of this research is to assess the different promotional strategies of SMART and Globe Telecom Networks in the Philippines. The reasons that pushed the researchers to write about this topic is because one of the most widely used technologies today involve the use of networking, and the main providers of such networking use different promotional strategies to beat the competition. The researchers will provide adequate information about the processes and procedures of the networking companies and also the different perceptions of the respondents the researchers are going to interview.

books. When consumers have more money to spend, the demand for supply is also greater, enabling the business to thrive. If the economy is low, the amount of unemployed individuals will be on the rise meaning there will be less demand for the products being sold. Due to being unemployed, individuals will not purchase the products, where their main focus will be to stick with necessities causing the business to either fail or operate to very low supply with little revenue. (Alanis Business Academy, (2014). By analysing the economic conditions thoroughly, the business can predict how the economy and other factors may change and create forecast sales, develop production schedules etc. (Alanis Business Academy, (2014). The business owners can look any conditions from the economic conditions such as income levels of their consumers, gross domestic product and unemployment rate and related indicators of economic health for their analysis. However if the business only analyse one of these conditions and make decisions based on the analysis of the one condition and not the others, it can cause a backlash and may lead to negative impacts to the business.