Format for Strategic Analysis Report Strategic analysis of: _______________________________________ (case or company) EXTERNAL ENVIRONMENT MACRO ENVIRONMENT Political: • Regulation • Trade barriers • Change in tax laws/incentives • Other… Summary Legal: • Anti-trust • Equal pay/employment • Environmental protection • Health & Safety • Other… Summary Economic: • Interest Rate • Recession (aggregate demand) • Energy prices
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Differentiating between Market Structures Jessika Canales Díaz ECO /365 08/28/2010 Instructor: SR. Carlos Méndez David Differentiating between Market Structures In this simulation, the learner studies the cost and revenue curves in different market structures perfect competition, monopoly, monopolistic competition, or oligopoly faced by a freight transportation company, and makes decisions to maximize profits or to minimize losses. The simulation also deals with the concept of Prisoner’s
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The simulation positioned users of the software as a CEO of East-West Transportation a freight transportation company. The simulation took users through each division of the company, that if which being Consumer Goods, Coal, Chemical, and Forest Products. The simulation aided in the differentiation between the four market structures. It also taught students to identify and interpret cost and revenue curves for each market. The Consumer Good’s Division of East-West Transportation Inc operates
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Section 4 notes When we talk of the firm, we talk about 2 very different parts of the firm, and someone in the middle - who is the owner. There is a whole back office operation, and front office operation. Back office and front office operations have nothing to do with each other. You as a manager take info from both and make decisions. Back office - making the stuff, factory, plant . / operations start from preference (exogenous from the model) = > utility function In firm we start from
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1. What are the characteristics of a perfectly competitive market? What are the implications for accounting profit in a perfectly competitive market? What about economic profit? Perfectly competitive markets are characterized by low sunk costs, perfect information, no entry or exit costs, no search costs, identical products and an infinite numbers of sellers. In a perfectly competitive market there are many firms and many buyers, all of which are price takers, meaning they have no control over
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Will Bury Business Proposal Econ/561 March 2, 2011 To: Whom it May Concern From: Will Bury Date: March 2, 2011 I have gathered you here today to discuss the future of my company Will Bury’s Digital Books. My company’s structure is monopolistic competition, which mean as demand increases, prices decrease. To make any profits, I have to make sure that my product is in demand (Halmos, 1995). After that, it is in my best interest to determine ways to increase revenue, minimize cost, profit
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PRINCIPLES OF ECONOMICS SUBMITTED TO: Prof. Michael Horvath SUBMITTED BY: MEHWISH AAMIR Price discrimination strategy is when a product/good is sold at different prices to different consumers, whereas single pricing strategy is one in which same price is charged to all consumers. An owner of a sub shop in a college town can adopt the price discrimination strategy in order to maximize its profit. The owner categorizes its customers in 3 types: 1) Students, who are not willing
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SUMMARY OF PERFECT COMPETITION There are high requirements in order for perfect competition to exist. They are: 1. Many buyers and many sellers. Why? 2. Free entry (and exit). Why? 3. Perfect knowledge about prices and quantities for those in that market. Why? 4. Homogeneous product. Why? Who determines the price in a perfectly competitive market? -The market does. How? The demand and supply determine what the market price and quantity are. How large is the market
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Case: Boston Beer Company Address the following questions in a 4-5 page write-up of the Boston Beer Company Case to explore the issue of Initial Public Offerings. 1) What do you think of Boston Beer’s business model relative to the traditional beer companies’ business model? Relative to Redhook and Pete’s? (Hint: consider their brewing, production, distribution, marketing strategies. How is each firm attempting to achieve its own sustainable comparative advantage in the market place
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Different Types of Market Structure Introduction This report will look at the competition policy within the UK and state what it does within the different market structures. With this the report will show two examples of where the competition authorities have had to investigate. Also the report will use the supermarkets as an example and show how they are able to meet their company's objectives within their market structure. The different Market structures In this section the report will
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