Do you think the computer software industry (or other similar industries in gaming, cell phones, etc.) is likely to have a large number of firms or only a few firms? Explain your answer and provide an example of a software (or similar) firm and the product(s) it produces.
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Question: Do you think the computer software industry (or other similar industries in gaming, cell phones, etc.) is likely to have a large number of firms or only a few firms? Explain your answer and provide an example of a software (or similar) firm and the product(s) it produces.
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- Draw a firm diagram to illustrate Foxtel’s business in 2021. Make sure to clearly and adequately label your diagram. Back in 2013, Foxtel had just finished acquiring Austar, its major competitor. Foxtel was enjoying near-total dominance in the market. There were other players such as Optus TV and iiNet, however, their market shares were dwarfed by that of Foxtel. IBISWorld reported that Foxtel occupied 92.6% of the market share in 2013. Then in March 2015, Netflix Australia was launched, opening the gate for an influx of other subscription video-on-demand (SVOD) services. These new services were internet-based, which differed from Foxtel’s model of cable TV. Nevertheless, they competed fiercely for subscribers. Fast forward to the present day (October 2021), Australian consumers now have a wealth of choices of the content offered by Foxtel, Netflix, Stan, Amazon Prime, Apple TV, Disney+, Optus Sport, and the recently launched Paramount+ (launched in August 2021).*Please fill in the points this topic The automotive company Mercedes-Benz. The automotive company Mercedes-Benz. It is a German-based company mainly known for producing luxury and commercial vehicles. The headquarter of the company is located in the capital city of the German state of Baden- Wurttemberg. It is founded in 1926 by two founders called Karl Benz and Gottlieb Daimler. It has more than 2.31 million sales of passenger cars in the world. Its subsidiaries are located in different parts of the world including Brazil, the US, Mexico, Canada, and many more. There are more than 150,000 employees are working in the company is well known for its quality and durability as it mainly focuses on customer satisfaction. Its lowest range for car is started from approximately 4.9 million for C-Class. As it is a luxury automotive company, the production of vehicles is limited and leads to higher and expensive prices in the market. Also, it has higher quality, expensive material, and their…Wells Fargo was the darling of the US banking industry, with some of the highest returns on shareholders’ equity and increasing stock prices. Top management applauded the company’s lead in “cross-selling”, or the sale of additional products to existing customers. “Eight is great”, which means eight Wells Fargo products for every customer, was the CEO John Stumpf’s favorite saying. In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized customer accounts. It soon came to light that the pressure on employees to hit sales targets was too intense with hourly tracking, pressure from supervisors to engage in unethical behavior and a compensation system based heavily on bonuses. Wells Fargo also confirmed that it had fired over 5,300 employees over the past few years related to unethical sales practices. CEO John Stumpf claimed that the scandal was the result of a few bad employees who did not honor the company’s values…
- Tesla Many analysts cite Tesla as the most innovative car company to enter the automobile industry in recent history. The company was founded in 2003 with the vision of being an independent automaker that would build affordable electric cars. Over the next 17 years, it produced five different car models and continues to introduce concepts for additional vehicles. It has also expanded into home battery and solar panel products. In the first half of 2020, 81% of electric vehicles sold were Teslas, and its affordable sedan, the Model 3, is the all-time bestselling electric vehicle ever. Tesla’s cars helped create a new market for electric vehicles. In addition, its cars have technological components that have advanced safety throughout the automobile industry. Its cars can come with self-driving capabilities and advanced safety warnings. Parts of these technologies have been adopted by other car makers. 1.Think about the automobile industry. Explain what type of market it is by answering…Competitive Trends in the U.S. Economy) William Shepherd’s research of U.S. industries showed a clear trend in the competitiveness of the U.S. economy between 1958 and 2000. Is the economy growing more or less competitive, and how did Shepherd explain this trend?1 suppose pepsi cola, which includes mt. dew and several other sodas, purchased coca cola and cokes family of sodas to form one large mega company. what do you believe would happen to the price of sodas in the united states?
- What is a difference between technology businesses and other small businesses? Question 6 options: Technology businesses never start in garages, basements, kitchens, or dorm rooms, while some other types of small businesses can start in these places. Technology businesses have lower initial startup costs than other small businesses. Technology businesses require greater capital and have higher initial startup costs than other small businesses. Technology businesses are the only type of small business that uses technology. Technology businesses are less innovative than other small businesses.Samsung is a South Korean company and its global success story was started with the launch of the Galaxy S series of smartphones by the end of 2000. Now, Samsung is included among top 5 companies that are manufacturing electronic apparatuses in all over the world. Samsung is considered as one of the main suppliers of electronic goods such as flash memory, chips, semiconductors, batteries and hard drive to other manufacturing companies such as Sony, Nokia etc. The company is also providing a wide range of electronic products to consumers, like smartphones, tablets, audio sounds, smart switches, refrigerators, air solutions, monitors etc. During COVID-19 pandemic, Samsung supported the global fight with corporate social responsibility (CSR) initiatives such as the smart factory program and also providing training to human resources. Samsung has also been working on different projects with United Nations Development Program (UNDP) for achieving Sustainable Development Goals, for example,…Table 11.4 Number of Workers Total Product Product Price ($) 0 0 4 1 15 4 2 29 4 3 42 4 4 54 4 5 65 4 6 75 4 7 84 4 8 92 4 9 99 4 10 105 4 Refer to Table 11.4 for the data for a perfectly competitive firm. The first column shows the number of workers employed in production, the second column shows the total product of the firm, and the third column shows its product price. From the data in the table, it can be said that the marginal revenue product begins to decline with the second worker hired. Group of answer choices False True
- John Deere, an American agricultural machinery company based in Illinois, has hired you as a business strategy consultant. Until 2010, John Deere was considered the leader in farming machinery in the US. Over the last ten years, their domestic sales have dropped due to lower-cost and lower-quality foreign competition. At the same time, manufacturing costs have increased substantially. Consider the following questions: In the US, 85% of farms are small, family-run businesses, while the remaining 15% are large agri- businesses. Domestic sales for John Deere are down by 40% over the last five years. Much of this loss is due to two factors. First, US trade tariffs against foreign countries, particularly China and the EU, resulted in retaliation in farming sector, meaning that US crop exports are down by 65%. Second, foreign-competitor pricing for similar machinery is 30% lower than John Deere pricing. Discuss your strategy recommendations for recapturing John Deere’s domestic sales over…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.)How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller than accounting profit? What are the three basic sources of economic profit? Classify each of the following according to those sources:a. A firm’s profit from developing and patenting a new medication that greatly reduces cholesterol and thus diminishes the likelihood of heart disease and stroke.b. A restaurant’s profit that results from the completion of a new highway past its door.c. The profit received by a firm due to an unanticipated change in consumer tastes.