24•3•5 b. 2³•3²•5 c. 2³•3•5² d. 24•3²•5 11. Evaluate: x4y² when x = 2 and y =11. a. 176 b.
Additionally it is a lucrative prospect to differentiate the firm from its expanding competition. Lancer has a major business decision to make concerning the merchandising store chains proposal. In doing the contract it may taint their name recognition of being a reputable dealer in authentic items. Yet the contract will increase revenue which has been on the downward slope due to increased competition and recessin. II.
2. (n + 11)2 3. (t + 7)2 4. (3m + 6)2 5. (4x + 1)2 6.
A monopolistic Competition market has many sellers and provides good substitutes but differentiates their products from other companies. The nature of competition in a monopolistic market focuses on marketing, special features and pricing (Colander, 2010). Kudler Fine Foods has only a few competitors in the market that offers the same products and service to its customers. This market structure has negative and positive effects. A positive effect of Kudler Fine Foods in a monopolistic market structure is that they lead in the market and can increase competition between companies and make massive profits by setting higher prices (Colander, 2010).
Threat of New Entrants is weak. Entry barriers are high because of the economy, significant experience-based cost advantages, other cost advantages held by industry members (e.g., access to inputs, favorable location), brand loyalty (which comes from membership and other services), strong network effects and high capital requirements. 5. Substitute Products or Services is moderate. Warehouse clubs like a magnet for customers and pulling them away from other traditional retail channels such as supermarkets, department stores, drugstores, office supply stores, consumer electronics etc… All three warehoused club rivals - Costco, Sam’s and BJ’s – have similar strategies: Low prices, low operating costs, geographic expansion – Costco; Sam’s Club concept is to sell merchandise at low profit margins, which means at low prices to members; and BJ’s offers brand-name merchandise at prices that were significantly lower than the prices found at retail, supermarkets, dept.
What aspect of the retail grocery industry contributes to such low margins? We should explain that there are real amounts of complexity in the retail grocery industry because it is highly competitive; so many compensating factors contribute to the success of
Pt. 1/4/07; 3/28/07 Jose Imero, Est. Pt. 1/16/06; 1/16/06 Rhea Davison, Est. Pt.
A demand curve shows the relationship between the price and quantity of a product that consumers are willing to buy. In business, demand curves are useful when testing and measuring the supply and demand of certain products within a competitive market. Graphed over time, demand curves assist businesses in determining if a certain product is actually profitable at the pricing point on the curve where it is in demand. Price Quantity There are many things that influence demand of product. In Chester Zoo’s case, this could be the economic environment, as Chester Zoo are dependent on their customers and the customer generally do not have a lot of money to be able to afford the tickets to get into the zoo as well as pay for the important things they have to pay for, then the zoos money that they earn will fall because lower amounts of people are coming to the zoo.
4. 5. 6. a3 2 b3 5 a3 2 a2b 1 a2b 2 ab2 1 ab2 2 b3 5 a2( a 2 b) 1 ab ( a 2 b) 1 b2( a 2 b) 5 ( a 2 b)( a2 1 ab 1 b2) (2x 1 y)(4x2 2 2xy 1 y2) (x 2 2y)(x2 1 2xy 1 4y2) (5 2 3d)(25 1 15d 1 9d2) (4x 1 3y)(16x2 2 12xy 1 9y2) a4 2 b4 5 a4 2 a3b 1 a3b 2 a2b2 1 a2b2 2
Market structures are referring to “the physical characteristics of the market within which firms interact,” (Colander, 2010). Monopolistic competitive are markets in which there are large amounts of firms selling differentiating products and there are few barriers to enter. Kudler Fine Foods falls into this category because there are numerous different grocery stores; however, they have a variety of different goods. Kudler Fine Foods would be competing against other fine food stores like Whole Foods, Trader Joes, and World Market. For Kudler Fine Foods to fall into this category means that they sell differentiating products from their competitors.