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
1 strategic implication of product and process decisions 2 process planning and design 3 work measurement

Important of Probability The  various practical applications  of the  theory  of probability are: a.The fundamental  laws of statistic viz   the law  of statistical regular

Consider the closed network of the following figure. The number at the arrows give the transition probabilities for a customer leaving the queue to route to a subsequent queue. Eve

Trade Literature: Trade literature consists of documents that give information on the processes and materials involved in the manufacture of a product, various types of produc

Solved LP Sample Assignment & Questions A person desires to decide the ingredients of a diet which will satisfy his routine necessities of fats, proteins, and carbohydrates at

#questionQuestion. a paper mill produces two grades of paper viz.,xand y.Bacause of raw material restrictions, it cannot produce more than 400 tones of grade x paper and 300 tons

Overhead Projector  Overhead  projector  casts an images of the transparencies  on a  screen. Transparencies  are frequently  used  visual  aids  especially  when  audience

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0

INFORMATION AND OTHER RELATED CONCEPTS - THEIR MEANING AND CHARACTERISTICS: You may often hear or read in newspapers and other popular magazines about "exponential growth of i

The influence of daily life of keeping dogs Part a) Qualitative data analysis: These activities are aimed at developing skills in basic qualitative data analysis Inte