Have you ever wondered how certain companies thrive in their particular industry while others struggle to keep on going? How do businesses keep up with the crazy pace of change in industries and economies? Think of all the simple yet complex product innovations that have happened in your life time! In the business world it is essential to keep moving just to survive.
Task: You will research the different market structures in which firms/businesses operate and then answer the questions below.
You will research ALL market structures:
Give at least one real-world example of each market structure.
List barriers to entry of each market structure.
Write a short paragraph explaining how to get around entry barriers for two of the markets.
You must provide the following information for one company that you used as an example above::
A. Business structure B. Location of Head quarters C. one competitor D. Stock options E. Net worth
Briefly describe your company in a short paragraph. Be sure to include the industry and the market structure in which it operates. Also, be sure to indicate competitors within the same industry.
Research your company and provide two reasons why your company is successful. You must use economic reasoning and indicators.
Include a picture/diagram of the new product.
Indicate the products uses and who will buy it.
Task: You will research the different market structures in which firms/businesses operate and then answer the questions below.
You will research ALL market structures:
- Monopoly
- Oligopoly
- Perfect Competition
- Monopolistic Competition
Give at least one real-world example of each market structure.
List barriers to entry of each market structure.
Write a short paragraph explaining how to get around entry barriers for two of the markets.
You must provide the following information for one company that you used as an example above::
A. Business structure B. Location of Head quarters C. one competitor D. Stock options E. Net worth
Briefly describe your company in a short paragraph. Be sure to include the industry and the market structure in which it operates. Also, be sure to indicate competitors within the same industry.
Research your company and provide two reasons why your company is successful. You must use economic reasoning and indicators.
Include a picture/diagram of the new product.
Indicate the products uses and who will buy it.