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Explain what to do to improve market share or competitive strength.
The better way to improve the market share and fight with competitor and strengthen your product is to diversify your business in multiple rounds of products as well as different regions.
One of the example, Like when Microsoft started his business the one and only product he has Windows and later on to sustain the market share and acquire the multiple clients they have diversified their business in multiple products or company they have acquired such as LinkedIn, Skype, Github etc.
Other strategies company follows to improve the market share
Merger & Acquisition
Spin off- To create another company splitting from own company and holding the majority of ownership
What do we know about regulation of a firm in a monopolistically competitive market? It usually implies a very small administrative burden. It will lower the firm's costs. U It is commonly used to enhance market efficiency. It is unlikely to improve market efficiency.
5. What firms in perfect competitive market and monopolistic competitive market have in common? How they are different in the long run? Explain using appropriate graphs. 7. Earnings per share is calculated to le a) only for common shares. b) only for preferred shares. c) for common and preferred shares. d) only for bonds.
Why do retailers like Aldi engage in competitive rivalry? a. To improve the quality of the products they sell b. To gain an advantageous market position c. To support their customers d. To encourage suppliers to provide better products
Do you think the market for labor is perfectly competitive? Explain why or why not. (4 points Is it possible to get rid of all unemployment? Explain why or why not. (3 points)
Why are fillers added to polymers? A)To improve compressive strength. B)To improve toughness. C)To improve tensile strength. D)To improve thermal stability. E)To improve flexibility. (Allowed to select multiple answers)
An oligopoly can be similar to a competitive market. Explain two ways they are similar and two ways they are different? A firm that is in an oligopoly market will try to attain the benefits (for them) of acting like a monopoly by colluding with the other firms in the market and forming a cartel. However, these can break down to the point where the market is more similar to a competitive market. Explain why these agreements often break apart...
With the aid of diagrams, explain the effects of the following shocks on the competitive market in the short-run and long-run. Assume the industry has a constant cost. a. What happens in the market for tennis shoes when the price of snickers increases. b. What happens in the market for ramen when income falls assuming ramen is an inferior good.
Explain why the market demand curve a firm faces in a perfectly competitive market is horizontal even though the market demand curve is not horizontal.
1 Answer the following questions and briefly explain:(a) What assumptions are necessary for a market to be perfectly competitive? In light of what you have learned in this chapter, why is each of these assumptionsimportant? (Hint: consider perfectly competitive firms’ demand curve, market power and long-run economic profits with these assumptions.)(b) In what condition will a perfectly competitive firm that incurs economic losses choose to produce rather than shut down in the short run? Why will the firm doso?(c) Should...
Assess a company’s competitive strategy and the strength of its competitive position Identify at least two articles published in the last 6 months that discuss a company’s business strategy/strategies (the articles may not directly indicate that what is being discussed is a company’s business strategy as we discuss it in this class, but you should be able to infer that the company’s business strategy is being discussed). Based on your interpretation of the articles: State the main types of business...