...B0261DADA0410 Personal computers are very imperative in the current world of nowadays. Today, PCs hold fabulous consequence. Several numbers of us will be thrilled without a computer, as it becomes a part and parcel of our daily life. Computer becomes a significant tool for keeping archives. For computer data analysis become tremendously easy and we can do it now in a single mouse click. Now-a-days though the demand of personal computer is increasing rapidly but it price also falling day by day. There are some particular reasons of it, what is given underneath: * Production cost * Price inflation * Perfect competition market structure * Technological improvement * M-commerce * Inelasticity of product Though, we can think that demand of the personal computer is going up day by day for its effectiveness. There is also a close relationship between population and demand in economics. Because, as the factor of demand we know that, if population goes up demand also go up. Population↑ = Demand↑ If population increase from P1 to P2 demand also increases from D1 to D2. Production cost of computer: now most of the computer manufacturing companies don’t have big stores everywhere. Most of them are now selling their product by the website. They are selling computer by taking order at website. For that reason they don’t need rent a show room or a place to make a store. Before, all the companies used to have lots of employers to attach the computer products....
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...Introduction Monopolies are known to be the companies that possess an entire market power in their particular industry. When talking about monopolistic companies, we usually reference to a single seller of goods and services in the market. Monopolies have the ability to control prices on their production. This extreme form of imperfect competition in the market has a negative influence on consumer’s choice. In this paper I will discuss the main features of monopolies and its role in the market. Characteristics of a monopoly One of the main characteristics of a monopoly is that it is always one single seller of goods and services in the market. Monopolistic companies do not have any competition which gives them a great advantage of being able to control the prices on their production. The main goal of a monopoly is to make the maximum possible profit by using its price-setting power. Another feature of a monopolistic company is the fact that since there only one firm in the market, there is no possible way for any other company to enter this market. Of course, this perfect monopolistic company does not exist in the modern world. Today we can see very few examples of monopolies. One of them is the famous Microsoft Corporation, one of the largest PC software providers. Microsoft has been dominating in the market for years and used to own a great percentage of this industry’s market. The company made it almost impossible for its competitors to survive, by offering their...
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... 1 This would occur in the case natural monopoly in which economies of scale result in a single firm producing at a lower cost than a large number of smaller competitive firms. 1 Since the beginning of the antitrust trial against Microsoft there has been a great deal of commentary and analysis concerning the market position, pricing and strategic behavior of Microsoft. The courts Finding of Fact and the recent Conclusions of Law have intensified the interest in the case and resulted in even more analysis and questioning of the courts findings. This paper adds to the current list of Monday morning quarterbacks questioning among other issues: Whether or not Microsoft is a monopoly? Did they violate the antitrust laws? Have they harmed consumers? If the answer to previous questions is in the affirmative, then what remedies should be enacted? The purpose of this paper is to address the first and perhaps the most contentious question of whether or not Microsoft is a monopoly. Although most people have a general understanding of what a monopoly is, to eliminate any ambiguity it is helpful to establish a precise definition of monopoly. A generally accepted definition describes a monopoly as: I A market composed of a single or dominant firm, II That sells a good with no close substitutes, III In a market with barriers to entry. Thus, to be considered a monopoly a firm must satisfy all three criteria. It should be noted that even if a firm is determined to be a monopoly...
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...ANALYSIS APPLE COMPUTER, INC. I. PROBLEM STATEMENT What recommendations may be proposed to further improve the company's performance? II. AREAS OF CONSIDERATION 1. Mission • Apple Computer is committed to protecting the environment, health and safety of its employees, customers, and the global communities where it operates • The company strives for continuous improvement in environmental, health, and safety management systems and in the environmental quality of its products, processes, and services. 2. Objective • To offer technologically innovative products and services while conserving and enhancing environmental resources for future generations. 3. Key strategic challenge facing Apple Computer • Competition and the pace of technological change. 4. Strengths • A balanced use of financial and strategic controls. • Ability to develop appealing designs through research and development, alliance/partnerships, and brand management. • First mover advantages in portable digital music industry. • Reputation for brand development through well-planned and carefully executed marketing strategies. • Product design and features include ease of use, high quality format - clear product differentiation. • Suitability of products for range of applications. • Market dominance, retaining a competitive advantage because...
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...background: - Apple Inc. uses the Apple brand to compete across several highly competitive markets. Apple's brand has evolved as it has expanded its range of products and services. Originally starting in the late 1970s with desktop computers and then laptops in the 1990s, it took over 20 years before the company expanded into its first major new product area with the launch of the iPod in 2001, followed by I-Phone in 2007, I-Pad in 2010, and now Apple Pay and Apple Watch in 2014. * Business Strategy The Company is committed to bringing the best personal computing, portable digital music and mobile communication experience to students, educators, creative professionals, businesses, government agencies, and consumers through its innovative hardware, software, peripherals, services, and Internet offerings. The Company's business strategy leverages its unique ability to design and develop its own operating system, hardware, application software, and services to provide its customers new products and solutions with superior ease-of-use, seamless integration, and innovative industrial design. The Company believes continual investment in research and development is critical to the development and enhancement of innovative products and technologies. In addition to evolving its personal computers and related solutions, the Company continues to capitalize on the convergence of the personal computer, digital consumer electronics and mobile communications by creating and refining...
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... Figure 5.1 1) Refer to Figure 5.1. The demand for tickets is A) perfectly elastic. B) perfectly inelastic. C) unitarily elastic. D) income elastic. Answer: B Diff: 1 Type: F 2) Price is determined entirely by demand when A) demand is downward sloping. B) demand is perfectly inelastic. C) supply is perfectly inelastic. D) supply is perfectly elastic. Answer: C Diff: 2 Type: D 3) When supply is perfectly inelastic, A) price is determined solely by supply. B) price is determined solely by demand. C) only the government can set the price. D) the price may be set by either supply or demand. Answer: B Diff: 2 Type: D 4) A ________ line is a perfectly price elastic demand curve. A) horizontal B) vertical C) positively sloped D) negatively sloped Answer: A Diff: 1 Type: F 5) A ________ line is a perfectly price inelastic demand curve. A) horizontal B) vertical C) positively sloped D) negatively sloped Answer: B Diff: 1 Type: F 6) When the price of radios increases 5%, quantity demanded decreases 5%. The price elasticity of demand for radios is A) perfectly inelastic. B) elastic. C) inelastic. D) unitary elastic...
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...THE BEHAVIOUR OF ORGANISATION IN THEIR MARKET ENVIRONMENT How the market structures determine the pricing and output decision of business: There are several different market structures in which organisations can operate. The type of structure will influence a company’s behaviour and the level of profits it can generate. The structure of a market refers to the number of businesses in a market, their market shares and other features which affect the level of competition in the market. Structures are classified in term of the presence or absence of competition. When there is no competition, the market is said to be concentrated. A scale from perfect competition to monopoly can be found below. Perfect Competition, A market where competition is at its greatest possible level. It is argued that perfect competition would produce the best possible outcomes for consumers and society. A perfectly competitive market will exhibit the following characteristics: -There are no barriers to entry into the market. -No single company can influence the market price or market conditions. -There will be a large numbers of companies in the market. -There is no need for government regulation, except to make markets more competitive. -There are assumed to be no external costs or benefits. Oligopoly, A market structure in which few organisations dominate. When a market is shared among a few, it is said to be highly concentrated. Although only a few companies dominate, it is possible that many...
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...“Apple Inc. in 2012”, it was clearly illustrate that Apple Inc. is one the largest computer manufacturer in the world. The Apple company has a perfect concept and operating systems of manufacturing new products in which launch to the customers. Also, there are some other companies try to imitate the Apple Inc., but some of them were failed. The main purpose of this report is to seek the problems of the Apple Inc. and give an efficient recommendation for the company to help them get better development in the future. 1. Introduction Apple company began as “Apple Computer” and best known for sell Macintosh personal computers in the 1980s and 1990s. (David B, Y, Rossano, P 2012) When Steve Jobs became CEO of Apple Inc. in 1997, the company had changed from near bankruptcy to one of the largest and most profitable companies in the world. Also there are a number of challenges while Jobs need to face his successor. After that, Tim Cook became the new CEO of Apple Inc., he was decided to choose different approach in which distinguish with Steve Jobs to develop the company perform well in the future. However, with the different period, Apple Inc. to change their management very often in these years, such as Sculley, or Spindler, Amelio were served in the company in different period. The liquid management should be an issue in which connected with Apple Inc.. Furthermore, Apple Inc. was using the market driving innovation approach to achieve the goal. So the incomplete innovation strategy...
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...demand involves: A. The markets ability to equate supply demand B. Consumers ability to substitute different goods C. The governments ability to set prices D.The suppliers ability to substitute inputs A. A normal good John estimates that with every 20% increase in income, the quantity of grapes purchased rises by 11.2%. From this information one would conclude that grapes are A. A normal good D. Not demanded C. An inferior good D. Luxury Star this term You can study starred terms together Play audio for this term C. Not maximizing revenue since elasticity is less than one and revenue will increase following a price increase when demand is inelastic In California the price elasticity for vanity license plates is .5 and their price is $29. California is: A. Maximizing revenue since elasticity is less then one and revenue will increase following a price increase when demand is inelastic B. Not maximizing revenue since elasticity is less than one and revenue will get decrease following a price increase when demand is inelastic. C. Not maximizing revenue since elasticity is less than one and revenue will increase following a price increase when demand is inelastic D. Maximizing revenue since elasticity is less than one and revenue will decrease following a price increase would demand is inelastic. C. Consumer surplus will decrease and there will be some lost surplus If Price is increased by law from a market equilibrium value of $5...
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...MANPOWER PLANNING Personnel management is productive exploitation of manpower resources. This is also termed as ‘Manpower Management’. Manpower Management is choosing the proper type of people as and when required. It also takes into account the upgrading in existing people. Manpower Management starts with manpower planning. Every manager in an organization is a personnel man, dealing with people. Manpower planning is an important development in human resources management. It has spread rapidly to nearly every size organization in almost every kind of business. The primary function of Manpower planning is to analyze and evaluate the human resources available in the organization, and to determine how to obtain the kinds of manpower needed to staff positions ranging from assembly line workers to chief executives. Smaller companies put Manpower planning in the human resource or manpower department. Some of the largest corporations have established separate departments for this function. Definition of manpower Planning: Planning is nothing but using the available assets for the effective implementation of the production plans. After the preparing the plans, people are grouped together to achieve organizational objectives. Planning is concerned with coordinating, motivating and controlling of the various activities within the organization. Time required for acquiring the material, capital and machinery should be taken into account. Manager has to reasonably predict future...
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...situation in which a firm competes against many other firms in an industry in which they all produce an identical good. Between the extremes lie two situations: oligopoly, where there are two or more firms in an industry; and imperfect (monopolistic) competition, in which there are many competitors, but each produces a slightly unique good. Market Simulation Market structure is not a concept that is stable. In fact, it is not uncommon for a firm to have more than one market structure over time. It is interesting to examine how the dynamics of market structure evolve by adding competition. The market simulation showed a great example of market structure evolution. In the simulation Quasar entered the computer market with cutting edge technology making it a monopoly. Team B then recognized that investing in advertising was profitable for Quasar only if it reduced the price of its computers. In this market there are no changes in the suppliers and we saw an increase in consumers after investing in advertising. The dynamics of the market changed when Orion technologies entered the market, making it an Oligopoly taking over 50% of the market. As a result of the entering competition Quasar had to find a perfect price to offset the competition from Orion technologies....
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...seek ways to stay competitive in any market. In the twenty first century, a very important way to achieve this is by use of e-business; doing business via the internet. This report taps into the influencing factors of the e-business model and business plan that helped maintain Amazon.com’s competitive edge and propelled it to becoming the largest online bookseller and retailer. Keywords: Amazon.com, business plan, E-Business Model Amazon.com’s E-Business Model In determining whether or not Amazon.com has lost its identity, my approach will involve reviewing and comparing Amazon’s web site purpose with other competition websites, using Appendix Table 1. I will also be comparing site’s objectives with the general business plan outlined in the 2009 Amazon.com Annual Report which states:- “Amazon.com opened its virtual doors on the World Wide Web in July 1995 and offers Earth’s Biggest Selection. We seek to be Earth’s most customer-centric company for three primary customer sets: consumers, sellers, and developers. In addition, we generate revenue through co-branded credit card agreements and other marketing and promotional services, such as online advertising” (p. 3). Functionality and Design From its inception, Amazon.com had a business model and intention to sell a vast array of goods and services. While its initial products were books, Amazon.com’s model had poised itself to quickly adjust and jump into other new, booming, and demanding markets. Table 1 shows...
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...1. A perfectly competitive market has the following characteristics. (i) The market consists of buyers and sellers who are price takers. (ii) Each firm in the market produces undifferentiated and homogenous products. (iii) Buyers and sellers have perfect information about the price prevailing in the mark! About the availability of commodities at any given point of time. (iv) Firms can enter or exit the market freely. Implications: The implications of all these features is that there is single price in the mark no individual buyer can change it. On this price a firm can sell any amount of output. Because of flu demand of a firm is perfectly elastic and hence a horizontal line at the market price. Another implication is that a firm will produce only when it is profitable to produce, otherwise it will stop the products. * Characteristics of a Perfectly Competitive Market * The Law of One Price * Price Taking Behavior * Free Entry * Accounting vs. Economic Profit * Marginal Revenue * The Firm's Short Run Supply Curve * The Shut Down Price * The Short Run Market Supply Curve * Short Run Perfectly Competitive Equilibrium * The Firm's Long Run Supply Curve * Long Run Perfectly Competitive Equilibrium * The Long Run Market Supply Curve * Pecuniary Effects * Economic Rent * Producer's Surplus 1. Perfectly Competitive Market Characteristics of a perfectly competitive market/industry: * Numerous buyers and...
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...APPLE COMPUTER, INC.: A CASE ANALYSIS SWOT analysis and recommendation -------------------- INTRODUCTION According to Apple Computer's 2007 10-K Annual Report, "The Company is committed to bringing the best personal computing, portable digital music and mobile communication experience to students, educators, creative professionals, businesses, government agencies, and consumers through its innovative hardware, software, peripherals, services, and Internet offerings." The company's 2005 Mission Statement reads: Apple Computer is committed to protecting the environment, health and safety of our employees, customers and the global communities where we operate. We recognize that by integrating sound environmental, health and safety management practices into all aspects of our business, we can offer technologically innovative products and services while conserving and enhancing resources for future generations. Apple strives for continuous improvement in our environmental, health and safety management systems and in the environmental quality of our products, processes and services. In recognition of current market trends, Steve Jobs has claimed that he wants to transform the company by making the Mac the hub of the consumers' digital lifestyle. Despite Apple Computer's recent successes, the company is facing an ever-changing competitive environment on multiple fronts. 1. What are the key strategic challenges facing Apple Computer? 2. What are some of the dimensions...
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...iApple Computer, Inc.: Maintaining the Music Business While Introducing iPhone and Apple TV INTRODUCTION According to Apple Computer's 2007 10-K Annual Report, "The Company is committed to bringing the best personal computing, portable digital music and mobile communication experience to students, educators, creative professionals, businesses, government agencies, and consumers through its innovative hardware, software, peripherals, services, and Internet offerings." The company's 2005 Mission Statement reads: Apple Computer is committed to protecting the environment, health and safety of our employees, customers and the global communities where we operate. We recognize that by integrating sound environmental, health and safety management practices into all aspects of our business, we can offer technologically innovative products and services while conserving and enhancing resources for future generations. Apple strives for continuous improvement in our environmental, health and safety management systems and in the environmental quality of our products, processes and services. In recognition of current market trends, Steve Jobs has claimed that he wants to transform the company by making the Mac the hub of the consumers’ digital lifestyle. Despite Apple Computer's recent successes, the company is facing an ever-changing competitive environment on multiple fronts. 1. What are the key strategic challenges facing Apple Computer? 2. What are some of the dimensions...
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