Chapter 4. Ethics in the Market Place Summary of the Chapter : The chapter actually summarizes the economics in a market place. Discusses the intricacies of a Perfect Competition‚ Monopoly Competition and Oligopolistic competition. The details about equilibrium in such markets have been discussed. Economic details of the nature of behavior of Demand‚ Supply‚ cost have been covered in a view to understand the situation under which decisions are being taken in a company. The nature of such framework
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Formula: CR4= Σ4i=1 si Calculation: (11‚834‚883 + 3‚845‚900 + 3‚696‚800 + 3‚650‚647) / 44‚582‚621 = 0.5165292996 = 0.516 (3dp) =51% Analysis: As the four firm concentration ratio is >50% this insinuates that this market structure is that of an oligopoly. Calculating the Herfindahl-Hirschman Index (HHI) Definition: The HHI is a concentration measure based on the sum of the squared market shares of all the firms in the industry. Formula: Calculation: 0.1085 (4dp) Analysis:
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PROSIDING PERKEM VI‚ JILID 1 (2011) 546 – 560 ISSN: 2231-962X Review of Malaysian Retail Banking Market: An Industrial Organizational Perspective Nafisah Mohammed (nafisah@ukm.my) Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia Suhaila Abdul Jalil ( suhaila@upm.edu.my) Jabatan Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Putra Malaysia ABSTRACT The attempt of this paper is to analyze the Malaysian retail banking market within structure-conductperformance
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of goods‚ by providing service to our customers and by striving for excellence. We also aim to inspire more Malaysians to open outlets with our own proven success formula”. Besides‚ the company visions are to be the leading Malaysian wholesale hypermarket in Malaysia. 2.0 Environmental Analysis Environment analysis is the process to identify all the external and internal that can affect the
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MARKET STRUCTURES What is a Market structure? In economics Market structure is the way the market is organized ‚ based largely on the number of firms in the industry‚ number of buyers and levels of competition ‚ for example Monopoly‚ oligopoly ‚ Perfect Competition. Monopolistic competition is the market structure is the market structure I am going to base this assignment on. Monopolistic Competition Monopolistic Competition is a type of imperfect competition such that producers
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one company with little competition. At the other end of the spectrum you have perfect competition‚ where the market is made up of about 100 small companies who would own about 1% of the market each. Towards the middle of the spectrum you have the oligopoly structure where the market is of about 4-10 companies who each control a big chunk each. Perfect competition describes how a set of companies aren’t big enough to control a big chunk of the economic market. There are 4 market characteristics of
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Big Bazaar is a largest hypermarket chain of hypermarket in India. As of June 2‚ 2012 there are 214 stores across 90 cities and towns in India covering around 16 million sq.ft. of retail space. Big Bazaar is designed as an agglomeration of bazaars or Indian markets with clusters offering a wide range of merchandise including fashion and apparels‚ food products‚ general merchandise‚ furniture‚ electronics‚ books‚ fast food and leisure and entertainment sections. Big Bazaar stores have been designed
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reduce their price? Oligopolists sometimes engage in price competition when other attempts to gain market share fail. The result is lower prices‚ increased output‚ and smaller profits. Since price competition is typically self-defeating in an oligopoly‚ rival firms usually attempt to differentiate their product to gain market share. 3. Dominos and Pizza Hut hold 66 percent of the delivered-pizza market. Should antitrust action be taken? Dominos-Pizza Hut merger resulted in a HHI value greater
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Calculate the 3 firm concentration ratio of this market. 3 firm concentration ratio = __________________________________________________________ This means: A highly concentrated market is a market which is dominated by a small number of firms (oligopoly) We say a market becomes more highly concentrated as fewer firms dominate a larger share of the market The Impact of Increased Concentration You need to be familiar with impact of increased market concentration on a market‚ and that this can be
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MARKETING STRATEGY OF THE SUPERMARKETS [ICA MAXI‚ FORUM COOP‚ NETTO‚ LIDL] Rafael Lucena Matamalas Miguel Santandreu Ramos May 2009 Marketing Strategy of the supermarkets INDEX I. Introduction................................................................................................................................ 4 II. Theory ....................................................................................................................................... 6 1. A. B. C. D. 2.
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