Explain the competitive environment of a company, Operation Research

1) Provide an overall description of the business and the competitive environment in which it operates.  You should describe:

a) what type of business it  is (e.g. retail, manufacturing);

b) what the business produces or sells; 

c) who the main customers are (e.g. other businesses, government departments, young girls, older men);

d) where most of the customers are located (e.g. in Townsville, Jakarta, or on the net);

e) who the main competitors are (i.e. those producing similar products, and selling to similar customer base);

f)  Where the competitors are located; and

g) The (approximate) market share of key competitors including your business (e.g. 'your' businesses has approximately 10% of the market, your main competitor has approximately 50% of the market, and may other small businesses share the remaining 40% of the market);

Given the above information, comment on whether or not you think the competitive environment in which the firm operates is likely to be closer to

(a) perfect competition; or

(b) monopoly. 

Comment also on the number of 'close substitutes' for your business' products, and the cost of your product relative to 'average' income of your customers.  Does this mean that the demand curve facing the firm is likely to be relatively elastic or relatively inelastic?   What does this imply about the ability of the firm to 'mark up' its price above marginal cost?

Posted Date: 3/29/2013 2:00:46 AM | Location : United States







Related Discussions:- Explain the competitive environment of a company, Assignment Help, Ask Question on Explain the competitive environment of a company, Get Answer, Expert's Help, Explain the competitive environment of a company Discussions

Write discussion on Explain the competitive environment of a company
Your posts are moderated
Related Questions
Solve the following Linear Programming Problem using Simplex method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0

Background: The use of "Tablet Personal Computers" such as HP's TouchPad and Apple's iPad has been increasing over the past several years. Task: Using a web browser and quality,

Model building is the essence of the operations research approach? Discuss. question #Minimum 100 words accepted#

Project Management Your  data need to be organized in such  a way that  access to them  is both  quick  and accurate. In  achieving  this a good qualitative analysis progra

QUESTION 1 i) What do you understand by the following terms? And what is their role in communication theories? Ontology Epistemology Axiology ii) Discuss how

max z 60x1+50x2 Sab to 4x1+10x2 2x1+2x2 3x1+2x2 X1+x2. >_ o

A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUSE OF RAW MATERIAL RESTRICTIONS, IT CANNOT PRODUCE MORE THAN 400 TONS OF GRADE X PAPER AND 300 TONS OF GRADE Y PAPER I

Significance & scope of operation research in modern management


A company uses 4 pounds of resource 1 to make each unit of X1 and 3 pounds of resource 1 to make each unit of X2. There are only 150 pounds of resource 1 available. Which of the fo