The Four Marketing Structures

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

1. Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.

The North, South, and West had no form of law enforcement when their settlements were first established this was because they were “new” places and did not have to deal with crime in the beginning. However, they realized that they soon realized that they would need to keep the peace somehow. The North created their law enforcement because they wanted to protect their businesses and the things they owned. The South wanted to create law enforcement to keep their slaves from running away or to capture the slaves that had ran away. Finally, the West started their law enforcement to protect their freedom and their land. Without any help from previous generations, America had to create a new form of law

Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an example for each of the market structures listed and how it relates to the particular characteristics.

The two graphs attached explain the costs of the considered firm and the general market for the good or service. The store may want to stay open, continuing to produce goods, if the variable costs of producing additional goods can be covered by the price. Another potential option the company is to temporarily shut down operations. On the market graph, if prices for the general market were at the Q1 level and were predicted to increase to the Q2 price later, this would cause an increase profits from producing goods,then it could be beneficial to simply incur the losses in the short-run and stay in business. Either of these are viable options if the increase in cost or temporarily shrinkage of profits are temporary. The reason being that the company could possibly bounce back from the shrinkage of profits. If the increase in costs and reduction in profits is not temporary, then the best option for the company is to go out of business and sell their assets.

In summary, marketing is very important for a business to achieve success. Many businesses have a difficult time in this area. With the stiff competition, businesses struggle to stand out among others. Other companies resort in unethical and unfair schemes just to win the competition. But eventually find themselves in great loss and failure. As businesses all over the world enter into a gigantic marketplace, every business owner is faced with convoluted market competition. Nevertheless, any entrepreneur can be different and become successful in this matter. In every product sold and in every service provided, patience and hard work should take precedence to ensure quality. Products and services should be marketed honestly, planning should not be done with evil

Explain the role of the army and its use for political purposes during this period.

As the company is making short-run profits, new companies will enter into the market. Demand for input factors will increase. Thomas and Maurice tell us that “When a market is characterized by a large number of small producers, the demand curve facing the manager of each individual company is horizontal at the price determined by the market” (2008, p. 402). So, inputs will become costlier for increasing-cost industry. We can say that costs of production will increase. The company’s

2.The most vital factors which caused change in market structure are the changes in customer tastes and customer income. These two factors are solely related with the demand and needs. When the customers start earning more, they will have a tendency to purchase more and expensive products. Their buying ability is increased in such a situation. On the other hand, when the income of the customers is not that high, they will not have that much interest on purchasing the expensive products or purchasing products in large amounts. That means the size of sales revenue for a particular company is totally dependent on the customers purchasing abilities. The other factor, the customer taste, is something that should be considered as well. If the customers like a particular product, they are more likely to purchase that particular product even if that product is a bit expensive. On the other hand they will not be interested to purchase something which they don’t like even if that product is quite cheap. The first factor can’t be controlled by the company. The second one can slightly be controlled. The company should design the products and make its pricing strategy by considering these two factors if they want to make a customer

Using the virtual organization of Kudler Fine Foods, evaluations will be made to determine market structure and competitiveness. Kudler Fine Foods current strategic plan for 2003, marketing overview, and market surveys will provide information to evaluate how Kudler competes in its market and where its strengths and weaknesses are located. Based on the evaluation of Kudler Fine Foods an applicable market structure will be determined and the structures effects on the organization and its long-term profitability. Recommendations will be made for Kudler Fine Foods while comparing real-world organizations.

•Monopolistic competition- When an industry contains many rival firms, each of which has a comparable but at least slightly different product. Restaurants, are an example, all serve food but of different types of food and in different sites. Manufacture costs are above what could be attained if firms sold equal products, but consumers have an advantage from the variety.

My main takeaway from the Quality Project is that writing quality poetry is hard. Sure, I already knew that writing poetry was difficult, but this project further ingrained that fact in my brain. To add to this, I also gained a deeper appreciation for poetry and poets. By realizing just how difficult writing poems can be, I was able to be more impressed by people who make a living off of writing. Another thing I took away from this project is that I can be good at managing my time. At the beginning of the Quality Project, I was a bit nervous because I’ve procrastinated on many long-term projects before. However, as the Quality Project progressed, I became more and more comfortable with the long-term aspect of it. I managed my time wisely, trying to follow the plan outlined in my proposal, and it paid off. I’m pleasantly surprised by the time management abilities I used and developed over the course of this project.

This essay will explore how the media shapes the formal and informal policing of child murders within the family. Through case studies, an exploration of government policies and legislation, the essay will illustrate how the media has created moral panics around stranger danger, despite the fact that major harm to children is generally caused by families and their friends. Throughout our upbringing one is taught not to speak to strangers because they are the ones who are most likely to bring harm upon us. The people found most trustworthy are normally family members and family friends. Most people would, without a second thought trust their children’s life with family or friends. This essay will explore definitions of the family, moral panics, formal and informal policing. Furthermore, this essay will seek to address how the media is seen to be the fourth estate of power. It will also discuss the power of the media and how the media frames and shapes moral panics, which consequently might give a misleading picture of the situation, through the demonization of strangers and how the media labels individuals within society. Finally, in order to answer the above question, the essay will look into cases and legislation to identify how governmental agencies have failed children who are deemed at risk.

A corporations is very different from sole proprietorships and partnerships. Corporations are owned by shareholders and are considered to be an independent legal entity. Corporations have very expensive administration fees and very complex tax and legal requirements. The main advantage of corporations is that the shareholders are not responsible for the debts of the company. They are only liable for their investment into the company.  Corporations can also sell stock to raise any capital that is needed for the business. Corporations file a separate taxes from that of the owners.  Owners of a corporation are taxes on the profits that the receive through salaries, dividends and bonuses.  One major disadvantage of a corporation is that they are very costly and time consuming to start and maintain.  Sometimes corporations can be subjected to double taxes through taxes on profits and then taxes on dividends.  Corporations require an increased amount of paperwork and record keeping. A final disadvantage of this kind of business structure is that the business operations are handled by the managers and the board of directors who can cheat the owners of the business (Parrino et al., 2012).

The marketing segmentation concept allows a company to focus on a specific group of customers that it is best prepared and suited to satisfy. Rather than trying to be all things to all people, selecting a target market enables a company to tailor its offerings to more specific customer needs and preferences (Schewe & Hiam, 1998, p. 200). When a company focuses its efforts and capital (both tangible and intangible) on a more narrowly defined set of needs, it is more likely that the customers will get the product they desire. Companies that use the marketing segmentation concept typically have a more intimate knowledge of the customers they target, and customers usually relate better with companies that understand their interests. As such a relationship is built.