User Account

All Pages

What could you do to protect that long term profit stream

Assignment Help Business Economics
Reference no: EM13742038 , Length: 238 Words

Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.

Describe the business and its likely main competitors.

How would you structure your advertising and customer service to differentiate your product/service?

How easy would it be for new competitors to enter your market and erode your customer base or selling price?

What would be your prognosis for the long term profitability of such a business?

What could you do to protect that long term profit stream?

Reference no: EM13742038

Questions Cloud

The marketing department at bellevue university : a) What is the critical path for this project, what is the project completion time, how much total work time (in days) is required for this project, and what is the cost for completing this project using the Activity Time? Also identify the slack tim..
Consumer equilibrium-budget curve and indifference curves : Assume consumer equilibrium (budget curve and indifference curves). Draw 3 separate scenarios: (1) the price of good x decreases; (2) the price of good y increases; and (3) the budget (income increases). In each scenario, explain the effect on the gr..
What was aristarchus idea of the phases of venus : What was Aristarchus idea of the phases of Venus, and at that time when he presented his information was it rejected/ was it a big issue/ or did the issue never come up?
Estimated the income elasticity of demand : Your firm’s research department has estimated the income elasticity of demand for Art Deco lawn furniture to be -0.85. You have just learned that due to an upturn in the economy, consumer incomes are expected to rise by 5 percent next year. How will ..
What could you do to protect that long term profit stream : Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
Write a research paper on the persident john f kenndy : Write a research paper on the persident John F Kenndy. Your profile should be organized as follows: Highlights of the president's term in office, Strengths of the president and Weaknesses or failures of the president.
Fixed cost per replenishment : Suppose that the pattern terminates at week 12. Let other relevant characteristics of the item be:1. Inventory carrying cost per week (incurred only on units carried over from one week to the next) is £0.20/unit.2. Fixed cost per replenishment is £30..
Decade medical costs have increased more rapidly : Over the past decade medical costs have increased more rapidly than other prices. In order to illustrate how rising medical costs have affected consumer alternatives, let X represent the quantity of medical services, and let Y represent the quantity ..
The income elasticity of demand for your firms product : The income elasticity of demand for your firm’s product is estimated to be 0.75. A recent report in The Wall Street Journal says that national income is expected to decline by 3 percent this year. What should you do with your stock of inventories?

Reviews

Write a Review

Business Economics Questions & Answers

  Marketplace is highly competitive with box currently selling

The marketplace is highly competitive, with boxes currently selling for $100 every thousand. Conigan's total and marginal cost curves.

  Describe the point at which diminishing returns occur

Describe the point at which diminishing returns occur. Indicate the points that delineate the three stages of production.

  Explain the short run and long effects on output

For each of the following events, explain the short run and long effects on output and the price level, assuming polycimakers take no action.

  Marginal product of labor in the rc model

What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.

  Hyundai case study

Hyundai Case Study - Common case focuses on the operations of Hyundai, the Korean automobile manufacturer, in China.

  Equilibrium ?price?and? quantity

Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.

  Why would it be valuable for a business to know elasticity

Why would it be valuable for a business to know cross elasticity of demand for two products it produces: peanuts and popcorn.

  Verizon has a monopoly on data plans

Suppose Apple has a monopoly on iPhones and Verizon has a monopoly on data plans. An iPhone without a data plan is worthless, and a data plan without an iPhone is worthless. Thus there is no such thing as a demand for iPhones or a demand for data pla..

  About the marginal utility

Every day, Ivan buys 2 cups of coffee and a sandwich for lunch. The price of coffee is $2 per cup and the price of a sandwich is $5. Ivan’s choice of lunch maximizes his utility, and he spends only $9 on lunch. Compare Ivan’s marginal utility for cof..

  Q1 why does a reduction in taxes have a smaller multiplier

q1. why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal

  Number of unemployed workers

Remaining group did not have jobs, except all said they would like one. 5 of this group had not looked actively for work for 3 months.

  Calculate and compare the profit under each flight

Calculate and compare the profit under each flight. Should the airline replace its night flight from Los Angeles with a morning flight?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd