Economic theory usually differentiates across the four major types of market structure: monopoly‚ oligopoly‚ monopolistic competition‚ and perfect competition. Although the list of market structures can be virtually unlimited‚ these four types are considered to be the basis for understanding the principles of market performance in different market conditions. Each of the four types of market structures possesses its benefits and drawbacks. In any of these markets‚ an entrepreneur can develop a strategy
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marketplace. This means that we have competition in the market‚ which allows price to change in response to changes in supply and demand. Furthermore‚ for almost every product there are substitutes‚ so if one product becomes too expensive‚ a buyer can choose a cheaper substitute instead. In a market with many buyers and sellers‚ both the consumer and the supplier have equal ability to influence price. In some industries‚ there are no substitutes and there is no competition. In a market that has only one
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Competition: Good or Bad? Competition is something that everyone has experienced in his or her life; it is human nature. In school‚ students compete with classmates to finish first or to make better grades. In a workplace‚ colleagues compete to receive promotions and raises. In the business world‚ companies compete to create the top products. Competition is a part of everyday life‚ and it is healthy. It helps people to improve‚ it leads to better products and results‚ and it promotes growth.
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PERFECT COMPETION Competition in the market can be either perfect or imperfect. The classical economists assumed the existence of perfect competition‚ and all their analysis is based on this assumption. It has been pointed out that the real world is full of imperfect competition. Perfect competition or Competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker. Competitive market is characterized with: 1. There are large
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LITERATURE Financial statement analysis is the process of examining relationships among financial statement elements and making comparisons with relevant information. It is a tool in decision-making processes related to stocks‚ bonds‚ and other financial instruments. Analysis of financial statements provides valuable information for managerial decision. Financial analysis is commonly called analysis and interpretation offinancial statement. Analysis of financial statements means establishing
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The analysis of financial information refers to the process of the critical examination of the financial information contained in the financial statements in order to understand and make the decisions regarding the operations of the firm. There are four kinds of analysis namely; external analysis‚ internal analysis‚ horizontal analysis and vertical analysis. The external analysis is done by outsiders who do not have access to the detailed internal accounting records of the business firm. When it
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Part 1: Company Information: The company selected for our financial analysis project is Chipotle Mexican Grill. Chipotle (for short) is a company that is a major player in the fast food and restaurant industry. The name “chipotle” is derived from the Mexican Spanish name for a smoked‚ dried Jalapeno pepper. The restaurant sells large burritos and bowls in an assembly line production system where all the condiments are arranged and all the customer has to do is request what they want their burrito
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The Company was incorporated as Public Limited Company on 8th January‚ 1993 at Bangalore and obtained Certificate of Commencement of Business on 21st January‚ 1993. The Company has set up a project to manufacture 32 lakh Sq.inches p.a of Hybrid Micro Circuits and 44 lakh sq.inches p.a. of Resistor Networks (passive HMCS) at Yelahanka‚ Bangalore. The
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will be helping us understand financial statement analysis in a much broader way. It will also help us understand the implications of financial statement analysis to the management. This report will contribute additional knowledge on how to analyze the financial position of a company to determine if it is earning or losing. II. OBJECTIVES 1. Know and explain the various ways financial statements are analyzed. 2. Know and explain the objectives of financial statement analyses. 3.
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offshore to India has had some inescapable implications for the mobility of white-collar jobs in the Western world. The traditional concern in the West has been about immigrants coming onshore to compete for local jobs; now‚ the effects of that competition can be felt from distant offshore locations such as India. Although estimates of the extent of the flight of jobs from the developed world to India remain embroiled in controversy‚ there is little doubt that the process has caused considerable
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