Competition and Markets Module 5 SLP

The best form of advertising would be through TV as a lot of their target audience will be watching TV especially as its related to

Sales and marketing: Company apply community-based promoting approach that includes vigorously in neighborood’s network, furthermore, building them through supported occasions

I am going to advertise it by using different method because of this I will grab people attention. To grab the attention I will also going to use the company’s logo and make sure the ads match to the colour of the company which is mostly likely orange. It would also be beneficial to use some graphics and pictures to represent what the company is trying to tell you and to reflect the image of the website, so people find it interesting to visit the stores and website and make sure they fancy product.

The threat of new entrants is moderate. It is relatively easy for a company to enter this market because there are not a lot of legal barriers. But a smaller company that has just entered the market would have a tougher time competing with some of the larger companies – an obvious reason being that larger companies can have larger inventories. Another reason is that larger companies can do things to weaken the smaller companies, such as offer discounts, sales promotions, and increase spending on advertising. Since most of the companies in this industry are competing on

Build up with this store Travelodge as good and showing you immense improvements which you can get when you travel. Win and correspond having a worth it performance and correct determination to correspond on this store inaugurated in 1985. Access and consider through effective contentions that make maximum use and efficiency you need.

There are four types of market structures: Monopolistic Competition, Monopoly, Oligopoly, and Perfect Competition. Monopolistic Competition is also known as competitive market. In this market structure, there are a large number of firms that produce similar but somewhat differentiated products for the same target customers. The market share is also divided among large number of firms making it difficult for one firm to become the market leader. On the other hand, Monopoly is a type of market structure in which only one firm controls the whole industry. There are strict barriers to entry for new firms due to governmental restrictions or the monopolistic power of the firm itself. In Oligopoly, the whole industry is dominated by a few large scale firms that set prices, introduce innovative products, and use heavy campaigns to attract buyers. All other small scale firms follow the changing market patterns set by these oligopolistic firms. Lastly, perfect competition is a market structure in which there are a larger number of firms that produce similar as well as differentiated products for

Oligopolies stand distinctively different than other competitive markets in that they have a smaller impact area in price, output, etc. For example, an oligopoly would be a convenience store in an insignificant settlement competing against other convenience stores in the area. Moreover, organizations in oligopolistic market structures watch each other closely to ensure the other organization doesn’t upset the delicate balance of the current market. Additionally, organizations in oligopolistic market structures remain highly unstable and subsist prone to retaliation if provoked. Alternatively, a learning point to Oligopolistic market structures remains, one should avoid becoming so unique in ones’ organization as to make oneself a

Advertisement is crucial for any firm that seeks to reach out to its customers. Billions of dollars are used in advertisements by many companies around the globe. The results are in many cases positive and satisfactory. Products are known to the public (Brick, 2008), which in turn attracts them. However, certain products should not be advertised.

The college should air the advertisements in many platforms or channels to ensure that the information reaches as many people as possible. This will increase enrolment of students from different parts of the world. Kent, Robert and Chris (102) state that “advertisement improves the public awareness about the courses offered by the firm”. In response to this argument, the college administration should invest more resources in advertising its courses to increase public

The industry in which the company operates can be characterized as monopolistic competition. This is because, since there are no barriers to entry in this industry, threats of entry by potential entrants has made the industry some-what competitive. But the brand loyalty gained by the firms through massive advertising has rendered the firms within

There are many recommendations that it has to consider for the next three years. For instance, it has to reduce its cost to the customers. This will facilitate in ensuring satisfaction of customers as a result of affordable prices. Second it should establish other travel branches in different parts of the world the organization may use $3000 for the expansion. This will facilitate in attraction of a large market share which will result to increased profit. The organization should also ensure that it advertise all its services through various media services that will meet many customers with an aim of convincing them to prefer their services as compared to those if other organizations.

4. Using advertising stresses the image and maintains current strategy, retail expansion and product innovation.

Market Analysis is the focal point of the business procedure. It helps in perceiving each appropriate part of the market in which and to which you will publicize your product or service. A better than average promoting examination is built up exactly with thorough research. It concentrates on market essentialness and power with the objective that it could expand high ground.

Monopoly or oligopoly market structure: a new company will probably fail for hardly sustain itself if attempting to enter a market where big firms already have high dominance. For example, if a company decides to offer what Amazon offers will not be able to succeed as much as Amazon as it is very

Most of the businesses operate in competitive markets: businesses have to take on and see of rivals or competitors.ALDI, a