Do you think it is better that there are more than one company that competes in a certain market segment, for example food processing? Why or why not?
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Do you think it is better that there are more than one company that competes
in a certain market segment, for example food processing? Why or why not?
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- What is the strength of major companies is the ice cream industry?What are examples of a monopolistically competitive firm, oligopoly, and monopoly in your local area (New Jersey)? In your example, please relate to the market characteristics of each of the market structures?What kind of responses would you expect from Tesla’s rivals in the automobile manufacturing industry to the Model 3’s popularity?
- Describe the three attributes of monopolistic competition. How is monopolistic competition like monopoly? How is it like perfect competition? Draw a diagram depicting a firm that is making a profit in a monopolistically competitive market. Now show what happens to this firm as new firms enter the industry.What would be the ideal competitive advantages of a Mexican food company?how can you assess whether a company's resources and capabilities can support a sustainable competitive advantage over market rivals ?
- You are a successful entrepreneur operating a local business for the last five years in your chosen industry. Since your business has grown over the years you have now decided to take your business overseas and are considering two options. The first is to enter another Asian country with your product/service and the other is to enter a country in the South American market. As an initial fact finding exercise you have decided to carry out a detailed analysis of the macro economic factors facing ONE of the two chosen countries. Based on your study prepare a report on your findings.Question 1Based on the above scenario, you are requested to study all the PEST factors:i. Political and Legal factorsii. Economic policies (trade policies, foreign exchange controls, financial markets) iii. Social, Cultural factors (Values and beliefs that directly or indirectly have an impact on your product or service) iv. Technological factors,v. and Ethical business practices that prevail in the market…How can a company adapt its business processes to changing market conditions and customer needs?How can companies benefit from related diversification? How can companies benefit from unrelated diversification? What are some of the key concepts that can explain such success?