Conclusion of Nestle Company Essay Example

price is RM17. 5. It is because the factors are supplier input prices and prices of related products. On the other hands, there are some theories of Microeconomic and Macroeconomic that should differentiate on the market structure. Like Nestle Company, it is a monopolistic competition in the market structure. By the ways, the characteristics of this market structure are product differentiation, many sellers and buyers, easy market entry and exit, price makers and spend money in advertisements to convince consumers.

Besides that, we can also use the four principle of marketing such as price, product, place and promotion (4Ps) which is very helpful for company tin developing products. This is because different place charge different prices, as the competitors like VICO and other product will find the ways to breaking the price of MILO. The majority of consumers will consume or buy the product cheaper than another one, but got some minority of consumers will continue consume it because of their specialty flavor or others.

In our opinion, we can learn how to differentiate the price of the product in our assignment. It is very useful for us to know the price of MILO, therefore we can compare the price from different shops and make the right decision before purchases. By using this way, we can become more economists and follow up the current market price. Thus, we can understand the theories and our real life is actually the same so that economic theories can be applied 100% in our daily life.