However, future threats always have the potential to arise. Competitive Rivalry – Unless the popularity of the Little Wonder completely dwarfs other products in it's class then competitive rivalry should remain small. This would change if the Little Wonder starts to greatly impact competitor's bottom lines and they find a way to begin to manufacturer new and improved mixers themselves at a lower cost. Threat from New Entrants – New entrants is unlikely because of the amount of features in Company G's product and it's price point. Competitors likely would not want to risk losing current sales by adding features which would raise their prices.
However, that market is high competitive and almost commodity-like. Company A would need to consider reducing its labor force or even moving its operation to low cost-region in order to be competitive in the iPod/iPhone headphone market. Another new customer group is the people who use noise-cancellation headphones. There are limited players in this market. Also, the quality of noise cancellation headphones vary a lot and the customers are willing to pay higher price for good product.
Additionally, the author describes that hiring only those with good looks can run into antidiscrimination problems. Greenhouse concludes by suggesting that hiring for image leads to the increased prices of product, increased sales of products, and can give the impression of authenticity which eventually leads to what businesses want, profit. Whether retailers should hire only who project certain image it might be morally wrong or not is a provocative question. After considering the evidence presented in Greenhouse’s article and my own experiences, I can fully support retailers company hire only attractive applicants. I am opposed to companies hiring applicants based on their physical appearances in part because hiring good looking people is an advantage to the company, it shows how people are treated differently based on their appearance.To illustrate, Mr. Serrano, a former Abercrombie and Fitch employee emphasizes that, “We were supposed to approach someone in the mall who we think will look attractive in our store.” (p2).
Besides A&F stores like L’Oreal, W Hotels to Gap stores are also approaching this trend. They look for workers who are good-looking and sexy. Many stores are taking the approach to hiring based on looks to create an image for the business, but in doing so many companies have come across a wave of lawsuits. Hiring good-looking people isn’t technically illegal, but discrimination against age, sex, ethnicity, or race is. But that’s where the confusion begins.
Using a leisure market of your choice, discuss the extent to which it may be considered to be an oligopoly. An oligopoly is a market that is dominated by a few firms who have a high concentration ratio. Oligopolies frequently maintain their positon of dominance in a market because it is too costly for potential firms to enter the market. This is called barrier to entry, and due to this they can earn supernormal profits (see figure) as they can protect themselves from competition in the long run. For the cinema market building something which can seat enough people with the right equipment (e.g.
The pricing will be decided based on the demand for the product. Bury will focus on pricing the reader at the highest possible price to ensure sale of all available product. Due to the lack of competition, Bury does not have to worry that consumers will find a similar product elsewhere, therefore he can charge a higher price to maximize profit. Under a monopoly the pricing is elastic, which means that Bury offers a luxury item which the consumer will want to contemplate before buying. Also, Bury can change pricing based on demand which is inelastic.
Two Arguments against government/public ownership 1. Competition would give competing utilities an incentive to improve service as the consumer would have a choice. 2. If utilities were competitive there would be no danger of regulators not being fair when setting rates and allowing for licenses as there would be no monopoly for them to control. The company at hat served the public best would be favored in a competitive situation C. My opinion is that there should be a balance between competition and government involvement.
Beauty sells products; that’s the argument that Marshal Cohen uses to justify this opinion about the hiring protocol at many retail stores. Cohen believes that by hiring better looking people, stores are able to promote their products and increase sales. It is understandable why companies make these selections, but people should not accept all of the discrimination as typical. By hiring only “good-looking” people, retail stores are showing prejudice and discriminating. Companies should open up their criteria for hiring to apply to more people and make the selection process revolve around hard-work and ability not looks.
As known that Costco is focusing on high quality of merchandises at relatively low prices, they have one condition in order to purchase merchandises at low prices, which is number of purchases. For example, to have one product that is cheaper than competitors they have to purchase more from original manufacturers. Therefore, Costco realized that they have to keep the sales volume to be high so they are still able to maintain this advantage. Because of this, they try to keep their slogan in customer minds that Costco has lower prices and they try to same membership money. However, there is a problem that Costco has to deal with is that their profits mostly from its membership fees instead its net income.
They also thought that having a large empire would help to make them richer and more militarily powerful .People were greedy to get their hands on the colony for the sake of the money they can get. The idea of imperialism started after the Industrial Revolution. Many countries seen the new inventions and thought that they needed it to make their lives easier. So they gathered all the raw materials they can get and make those inventions to benefit them at their life. The other countries began to start feel jealous, so they did the same.