Analyse how the S-C-P approach predicts performance (welfare) based on market structure and explain fully how this concept can be used by firms. Use relevant and applied examples in support of your answer
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- 1) Identify five recent economic, social, political, or technological trends that significantly affect an industry of your choice in Bangladesh and discuss the implications. 2) Develop and analyze an EFE Matrix and a Competitive Profile Matrix for a super shop.Discuss the relevance of structure-conduct-performance paradigm in describing firm behaviour.Describe the structure-conduct-performance paradigm, the feedback critique, and their relation to the five-forces framework.
- Singapore Power (SP) is the only operator in the domestic electricity market in Singapore. Electricity distribution generally is associated with extremely high economies of scale because of the infrastructure (a nationwide power grid) needed to deliver power to individual households. Using the theory and models of market structure, examine this firm. Should government be worried about any aspect of how a firm under this market structure will perform? What should government do to address such worries?How technology, barriers to entry, advertising, product differentiation and market demand affected market structure trends of manufacturing sector?How strategic value and operational outcomes are measured? Explain both with the help of appropriate example.
- Critically assess the relevance of the 'as if' principle used to justify the reliance on profit maximisation as the working objective of the modern business corporation. 'There is a simple relationship between advertising and profitability: the most profitable firms are the ones that advertise most. Therefore advertising must increase profitability.' Discuss.The lean start-up approach suggests that entrepreneurs refine the products or services offered by their firms by experimenting with them on customers. True or False?Examine the pharmaceutical industry using the theory and models of market structure. Should government be worried about any aspect of how an industry with this market structure will perform?
- Synthesize the latest findings/ results from the literature on firms and imperfect competitionNo written by hand solution Please consider the company "Starbucks" and answer the following questions: 1. What type of market structure does this company fall under? 2. Is product differentiation a priority for this firm? 3. How might they capture 'additional' market share (in an effort to increase profits)?Describe how a social venture might be more economically profitable than a for-profit company. Provide two examples to support your answer. Explain to Adelaide, your social entrepreneur client how Triple Bottom Line can be reflected in her venture’s objectives. Given what is understood about the objectives of different typologies, discuss some likely differences between boards of traditional ventures and enterprising non-profits. Provide examples.