This is because high quality could sustain or improve a business’s reputation, reduce costs and bring about loyal, repeat customers. All of these point made will ultimately result in the business gaining more
Nowadays, though, Vogue releases editions in over 24 countries, being more accessible to a broader audience. The majority of Vogue readers are women, which makes up about 86% of the readers. The remaining 14% are men. The average reader usually ranges from the ages of 30-34, meaning that it is widely popular among young adults. According to Vogue's official website, the magazine is often called “the fashion Bible”, which hints us that it is indeed very relevant in the fashion world and that the readers are constantly searching for the latest scoop on the fashion industry.
It influences the extent to which the value created by an industry will be dispersed through direct competition. There were several signs of industry growth at the time as was USA’s economy; this led to a number of newly emerging discount stores trying to exploit the potential of high profit. This led to intense competition at the time and increasing rivalry for market share. Due to this industry concentration was low at the time. There was not one dominant player within the industry; they were more equally balanced thus increasing rivalry.
As stated in the source, the current market dominating bus companies “avoid competition with each other in order to protect their own territories” meaning they have to stick to specific routes. With a new company crossing these routes, there is less likely to be too much rivalry as the larger companies won’t want to cause more competition between each other. These new routes would be beneficial to existing customers as they could travel to places easily without having to spend more money on multiple buses, such crossing counties which does currently happen with various companies. Therefore having these new innovative routes would attract existing customers to change company to one which is overall cheaper than the current alternatives, thus generating profit for the new bus company in the market. However, there are still complications that could come with this strategy.
Since privatisation, companies such as BT, and British Airways have shown degrees of improved efficiency and higher profitability due to the competitiveness within their respective industries. It can also be noticed that vast improvements in technology have occurred due to investment in order to achieve these efficiency and profit increases. As efficiencies increase, firms are more willing to produce at a lower price, effectively shifting the supply curve to the right. This causes a reduction in the price from P1 to P2 and an increase in the equilibrium quantity from Q1 to Q2. Another possible advantage of privatisation is an increase in competition as the privatisation of state owned monopolies usually occurs at the same time as deregulation of the industry.
B. Outcompeting rivals on the basis of differentiating features, such as higher quality, wider product selection, added performance, value-added services, more attractive styling, and technological superiority. * Apple, Johnson & Johnson, Mercedes, BMW are all good examples. Their ability to meet customer needs more effectively than rivals has enabled them to gain a competitive advantage. This advantage drives up their customers’ willingness to pay higher prices for better quality products. C. Developing an advantage based on offering more value for the money.
Keith Martin is the CEO of Outsource Inc., a rapidly expanding information services company. He is concerned with the company’s current stock performance compared with the competition. They match up well with the others based on traditional measures like return on equity and earnings per share. However, OSI stock has not increased nearly as much as the other firms. As CEO, Keith is determined to figure out why OSI stock is not performing as expected.
Therefore increasing the value of shareholders is efficient for everyone. Also, by increasing shareholder value, the stockholder’s equity will be positively affected. With the increase of return on capital, the business growth is indicated, therefore, an increase would be the best result. Additionally, with an increase in return on capital, there is an
A better education and health care will improve the labors’ output, as productivity will be higher. Further to this, people will be more able to save more from their increase in income, which allows higher rates of investment and therefore increase in growth. The graph above is a PPF curve, which shows consumer goods against capital goods. Since there is an increase in Aggregate demand, this will potentially lead to an increase in economic growth as seen from the graph above. However, on the other hand an excessively equal
At first glance it appeared that the acquisition of Mercury would be a good business decision for Active Gear. This acquisition could potentially double AG’s revenue, give them greater leverage with manufacturers and allow them to expand by increasing outlets with retailers and distributors. The footwear industry is slow growing but proves to be a stable and profitable market. The stability is affected more by competitors and being first out with the “newest” fashion trend. This also varies when looking at the athletic versus the casual shoe lines.