ton • Mainly due to the collapse of the Soviet Union and the resulting flood of aluminum into the world markets by the Commonwealth of Independent States (CIS) 1 Annual Average Primary Aluminum Price (Dollars per metric ton) 3000 2500 2000 1500 1000 500 0 1970 1975 1980 1985 1990 1995 • • • • 1971-74: price controls. 1973-75: OPEC oil embargo and increase in oil prices 1986-88: Supply shortages 1991: Soviet Union Collapse Alusaf’s Hillside Project • At the beginning of 1994, Alusaf was
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Marketing Mix Marketing: the process of conceiving ideas, products and services which are attractive to customers. Goal is to avoid pure competition Target market: group of likely consumers for product and service. Attract them with good marketing mix Marketing mix: shaping the combination of the product and approach to maximize customer value Predict tastes and preferences Attempt to understand human behavior- perception shape behavior, learned behavior over time creates expectations
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elasticities—price elasticity of demand, cross-price elasticity of demand, income elasticity of demand and the price elasticity of supply--shall be considered by decision maker of a company (Hubbard, Garnett, Lewis, and O’brien 2010). With good understanding of those elasticities, a company is capable of making a reasonable and adaptable marketing strategy. Price elasticity of demand and the price elasticity of supply reflect the degree of responsiveness of the quantity demand and supply to a change in price
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framework of the Structure-Conduct-Performance (SCP) model3, the primary aluminum production industry (“the industry”) in 1994 can be described as perfectly competitive. The industry is characterized by a large number of competing firms – the largest of which has only 4.1% of total industry capacity; homogeneous, commodity-type products and low-cost entry and exit into and out of the industry (assuming capital is available where returns are greater than cost of entry). Within the industry, market prices are
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natural resources. To understand competitiveness, the starting point must be a nation’s underlying sources of productivity. Productivity depends both on the value of a nation’s products and services –measured by the prices they can command in open markets – and by the efficiency with which they can be produced. Productivity is also dependent on the ability of an economy to mobilize its available human resources. True competitiveness, then, is
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In a hypothetical economy, supply and demand should be equal to attain equilibrium in the economy. However, in a real economy that is not the case. There is always an imbalance. Economic policy refers to the actions that the government takes in the economic field and attempts to create regulations to not let any one interest overpower other interests. There are many economic policies relating to the supply side of economics, demand side, and monetary policy. Economists favor certain policies whether
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characteristics of the market structures and the influence of the market liquidity, competition and competence on financial managers. The market structure has a great influence on financial mangers. Financial managers are faced with many issues due to the market structure however; the ones that will be discussed in this paper are the communication issues and the economy. “Markets are essential to any economic system, and evidence of markets is found in even ancient societies. Markets come in a variety
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relatively high market share in the global package delivery market. FedEx is currently the global leader in the express package delivery market, and it offers delivery services in over 220 countries and territories. The biggest competition that FedEx faces today is UPS. UPS is the largest package delivery company in the world, and it offers services in over 215 countries and territories. With its consistently low priced shipping offerings, UPS has earned a reputation as the low-priced market leader.
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need to be contained within a market structure. There are different market structures in the economy such as competitive markets, monopolies and oligopolies. Each different market structure has a different way to determine the price of a product in order to maximize its profit. Market structures also need to indicate the degree in which they will produce their output of products to reach the highest level of profitability. Maximizing profits in different market structures possibly could raise different
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Mainly due to the collapse of the Soviet Union and the resulting flood of aluminum into the world markets by the Commonwealth of Independent States (CIS) 1 Annual Average Primary Aluminum Price (Dollars per metric ton) 3000 2500 2000 1500 1000 500 0 1970 1975 1980 1985 1990 1995 • • • • 1971-74: price controls. 1973-75: OPEC oil embargo and increase in oil prices 1986-88: Supply shortages 1991: Soviet Union Collapse Alusaf’s Hillside Project • At the beginning of 1994
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