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- 3. What are DeBeers profits? Why are they able to sustain these in the long-run?2. If pure competition is not an adequate representation of the economic model that underlies farming in the Philippines, why do the assumptions of pure competition continue to be important to agricultural economists?2. What are the main sources of new-product ideas? (from Chapter 9)
- 8. “Creative destruction” is the process by which:a. Old buildings are demolished and new ones are build in their place.b. Old sources of competitive advantage are displaced by new ones.c. Old skills become obsolete and new ones develop in their place.d. Old technologies are replaced by new ones.QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)In Brazil, coffee beans are cultivated by a very large number of small farms that all produce beansof similar quality and taste at similar costs. Land is still plentiful, and the equipment required isaffordable enough to allow new farming businesses to start up under current market conditions.However, better production techniques, especially alternatives to polluting fertilisers anddeforestation, are needed in this industry. Using the theory and models of industry structure, examinethis industry. Should government be worried about any aspect of how an industry with this marketstructure will perform?
- 1. What are the four stages of product life cycle? Select one: A. decline, Maturity, growth, introduction, B. Introduction, Maturity, growth, decline C. Introduction,decline, Maturity, growth D. Introduction, growth, Maturity, decline 2. Luxury cars would be best describe as a/an ___________________ product. Select one: a. Shopping b. Unsought c. Convenience d. Specialty 3. The following are the major steps in developing new products EXCEPT_______________. Select one: A. Idea generation B. Evaluation of competitors effort C. Test marketing D. Project Planning 4. Jeryson and Jacob are preparing the budget in finalizing plan for the full scale marketing of their new Wi-Fi watch product. They are in the ____________ phase of new product development. Select one: A. concept testing B. Project Planning C. commercialization D. Test marketing 5. In the marketing mix, price is the one that relates directly to______________. Select one: A. Amount willing to pay by the…1.) Which one of the following sets of circumstances could the existence of economies of scale cause in a market? a.) More firms looking to move overseas. b.) Firms merging with and buying out other firms in their markets, thus leading to an increase in market competition c.) More american overseas firms will decide to come home. d.) None of the three other possible answers listed here are correct.6. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes? a. Buyer power b. Threat of substitute products or services c Threat of new entrants d. Supplier power
- In economics, the operation of the competitive market model (Perfect Competition) produces efficient uses of resources and meets people’s needs and wants; in other situations, markets fail to satisfactorily use resources efficiently and meet the needs and wants of people. Discuss, demonstrating your understanding of how, why and when markets work well or fail and what can governments do when markets fail. Use diagrams to help your explanation and argument.3 a) Start with a model of the situation before the crisis in Ukraine. Draw a model of a representative individual firm in the market for wheat, i.e. an Australian wheat farmer who is a price-taker in the global market for wheat, in long-run equilibrium. Comment on the assumed market structure. Show and explain the amount of wheat the farmer will produce to the market, and explain revenue, costs and profits.Which statement is true? a. Socio-cultural factors do not determine the goods that society is likely to value b. Socio-cultural factors do not affect the business c. Trends in socio-cultural factors may create new opportunities for a company d. Trends in socio-cultural factors guarantee the increase of company profit
