Category: Competition

The threat of new entrants Economies of scale A South Korean car-manufacturing company that intends to enter the Australian market should bear in mind that it will have to compete with economies of scale such as Toyota or Ford. The main peculiarity of these companies is that they gain a competitive advantage by reducing the…

Competition Bikes Inc is a bicycle manufacturing company, which was established in 2001 by an avid rider called Lary Ferguson. The company specializes in sporting bikes for new entrants and existing sportsmen. So far, the company has been successful and among the worlds largest sporting bile sellers despite its short history. This paper evaluates the…

Quality measurement refers to the standard set of parameters that help measure the quality of a healthcare providers performance. In fact, quality is quite a subjective concept that is difficult to calculate and define reasonably (OECD, 2013). Therefore, the quality is rarely analyzed by competition authorities (OECD, 2013). Another problem is that macroeconomic theory cannot…

There are four various market structures that differ in their attributes, demand curves, and the basis on which their firms compete. These structures include perfect competition, monopolistic competition, monopoly, and oligopoly. The purpose of this paper is to discuss the perfect and monopolistic competition and their differences. Moreover, the list of their attributes and the…

Introduction Monopolistic competition is described as an imperfect competition where a small number of producers sell differentiated products, which are not necessarily substitutes (Borenstein, Bushnell & Stoft, 2010). Werner & Kirk-Duggan (2009) provide several explanations for this imperfection. They are of the view that the imperfection is brought about by such factors as location, quality,…

Introduction A market or an industry is said to be competitive depending on the key market players, that is, suppliers and consumers. The number of suppliers seeking the demand of consumers in the market determines the competition in the market. The other factor that determines the competitiveness of a market is the barriers to entry…

Table of Contents Introduction The cost-effect The competition effect The location effect Conclusion References Introduction In any sound market, three factors might be considered important. These are the cost effect, competition effect, and location effect. The cost-effect The cost-effectiveness in most cases is related to the currency in use and its strength in the market.…

Table of Contents Problems Facing Eastern Gear Problems Analysis and Suggested Solutions Recommendations Reference List Appendix A Problems Facing Eastern Gear The rapid increase in costs can be viewed as the primary problem that the company has to face in the environment of the increasingly high competition. Therefore, the current strategy regarding the management of…

Table of Contents Introduction Production Efficiency Resource Allocation Efficiency Summary Reference List Introduction Ajefu and Barde (2015, p. 20) define a market as a place where the prices of goods and services are determined. Comparatively, a perfect market is characterized by the efficient or optimum allocation of resources (Djolov 2014; Maritan & Lee 2017). In…

The leading tendency of globalization is its presence even in those countries where other trends of the current world economy are weakly and hardly noticeable. According to Martin et al. (2018), it is a complex admixture of different, though interrelated, historically evolving developments and transformationseconomic, technological, cultural and social (p. 4). The centers for the…