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.
Also, the quality of noise cancellation headphones vary a lot and the customers are willing to pay higher price for good product. In other words, this is not a commodity market as regular headphones. If company A can switch to produce noise-cancellation headphones with good quality at a reasonable cost, it can compete in the market and make a decent
It has created a culture where it is difficult for both parties to work. The next problem was the discrepancies over the choice of territories. While the territories are meant to be divided by the Sales and Market Analysis Record System, the veterans were taking the better and more convenient territories. This put the younger sales people at a disadvantage. The veterans were taking the better clients giving themselves a better commission.
Why do the principals of Arundel Partners think they can make money buying movie sequel rights? Why do they want to buy a portfolio of rights in advance rather than negotiating film by film to buy the rights? Making money in the movie industry is an unpredictable task. Weather a film will be accepted by the general public depends on many factors which are difficult to quantify. Is the story appealing?
(“JetBlue put Huge on the map and increased its credibility as a partner for larger business issues”, p.6, para 3). On the other hand, in most cases there is nothing proprietary about this industry, unless you have a technology patent; leaving it with no incumbent advantages. Also, there’s very low capital requirement for getting into or exiting the industry, anyone who knows the job can start a digital marketing firm. The industry is growing rapidly and there’s a huge potential for profit which implies a high threat for new entrants. Threat of Substitutes: Management consulting firms are one of the threats for substitution.
As is stated in the article, the company used to have a major competitive advantage in terms of movie selection, where, “…customers could browse through thousands of titles…” (Hitt 106). Now, the entire scope of the market has changed and Blockbuster was much too slow to respond. The recent moves that it has made will surely generate profits, but not enough to sustain the company in the long run, seeing as there is nothing that differentiates Blockbuster’s services from that of its competitors. In order to fully gain lost market share back, the company would have to create some sort of highly innovative way of viewing or renting movies that none of its competitors has already thought of; It would have to be something that is rare, difficult to imitate, not easily substituted, and able to generate above-average returns. Unfortunately, at this point it looks as if none of this will come into fruition because Blockbuster has essentially decided to latch on to other companies, creating a sort of symbiotic relationship where the company feeds off of the success of its competitors.
Definition Essay I love watching movies like most people do. But is going to the movies better than renting movies? I prefer renting movies and watching them at home. Going to the movies is a never-ending hassle because of the parking, prices and uncomfortable atmosphere. So most of the bigger movie theaters are usually located in major shopping mall an area which creates one of the biggest issues with going to the movies, the parking.
The Outsiders, by Se Hinton, was very different from the movie the Outsiders. The book gave a lot move description but I’m glad I saw the movie to get the actual picture in my head. I don’t think people should by separate by the way they look or how much money they have. All people have feelings. If the movie had more detail it would be more interesting.
If the majority of the population finds the script of a film to be unclear and hard to understand then they will give their friends that feedback and so people won’t go to see the film, which is especially bad for a mainstream film as they cost millions to produce and rely on commercial success. Also a simple storyline and straight-forward dialogue helps when translating the film for foreign markets thus increasing its commercial success. A good film script can make a new film successful as more people will go and watch it if they have heard good reviews from critics or their friends and family. However, there are many other factors apart from just having a good film script that can determine whether a mainstream film will gain the desired commercial success. The producers want the film to appeal to a mass market so that they can get mass audiences to go see their film.
A great example of this would be the cable company providing cable television and a substitute to the cable company would be the satellite dish, and depending on where you live would provide the same quality and at a lower cost. Monopolies fear substitute companies because of the market share they take away, in recent years monopolies have tried to improve their image threw customer service. It is far more difficult for many sellers to charge a higher price than its competition because it would be trouble-free for buyers to obtain from other sellers instead. This results in a problem for the smaller companies trying to make a move into the bigger