Business Essays

Market structure refers to the physical characteristics of the market within which firms interact. It is determined by the number of firms in the market and the barriers to entry. The definition of monopolistic competition is “a market structure in which there are many firms selling differentiated products and few barriers to entry”. The market […]

Which pricing objectives is Dell Inc. pursuing? Dell’s pricing strategy is to ensure profit maximization. In the case, we see that Dell is seeking to sell as many products as they can in order to achieve high revenues. Their main objective is to maximize long term profitability through the increase in market share and lowering […]

The underlying foundation of demand, therefore, is a model of how consumers behave. The individual consumer has a set of preferences and values whose determination are outside the realm of economics. They are no doubt dependent upon culture, education, and individual tastes, among a plethora of other factors. The measure of these values in this […]

There are many factors in the macro-environment that will affect the decisions of managers in any organization. Tax changes, new laws, trade barriers, demographic change, and government policy changes are all examples of macro change. Managers can analyse these factors through the Pestel analysis. Pestel Analysis is one of the tools that often used by […]

Mr. Asad Ali is the sole proprietor of Regal Electronics. Regal Electronics manufactures several products, one being dessert coolers. For several years, Ali has established his dessert cooler brand to be a high quality product in the mid-level price range. In 1987, the government announced additional taxes that would drive up the price of dessert […]

Meli Marine is a leading player in the container shipping industry on intra-Asia routes and has built a strong presence in the market and demonstrated very high operating margins and operating ROA from 2002 – 2007 compared to its main competitors. As Meli Marine’s CEO, David Tian seeks to steer the company towards expansion in […]

Government intervention is a regulatory action taken by a government in order to affect or interfere with decisions made by individuals, groups, or organizations regarding social and economic matters. Government intervention sometimes is necessary to correct situations where the market fails to allocate resources efficiently or distribute income fairly. The reason why government usually intervenes […]

Description of Amber Chia According to Yee (2011), Amber Chia has a share of a company running a modeling class, called the Amber Chia Academy (ACA). When Amber Chia was 17, she had already thought of pursuing her career in modeling and now she became one of the most famous Asian model in Malaysia. She […]

Puregold Price Club, Inc. (PSE: PGOLD) is a Philippine supermarket chain founded by Mr. Lucio Co in 1998. The first store was established in Mandaluyong City that same year and has since expanded to over 50 branches nationwide. In 2012, Puregold Price Club Inc. acquired Parco and converted 19 of its stores into Puregold outlets. […]

From an industry-based view, how would you characterize competition in this industry? At the beginning of 1990’s the competition in Europe depended on two major factors – regional integration in Europe and globalization. In 1990 the process of European integration speeded up and that’s why small firms were trying to develop their economies of scale […]

At the beginning of the game, we are given two products in Sonite market: SEMI and SELF. After analyzing their product attributes and market positioning, we found that SEMI did a good job in terms of market positioning, which met the needs of Professionals and High-earners relatively well. This was shown in the high market […]

For over twenty-one years, fuel price in Malaysia has been fluctuating ever since. Back then, the cost of a litre of petrol was only RM0. 89. The history of fuel price increment started since the year 1990 when petrol price increased to RM1. 10. Today, the price of a litre of RON97 is retailed at […]

Consider that you are selling a line of toys that, because they are made overseas where labor costs are far lower, can be sold using a low-price strategy. If a buyer raises a price-based objection, what would you say to convince him that your price is appropriate? Price objections are one of the biggest obstacles […]

Adam Smith states that land’s produce will be sold if the price covers the stock and ordinary profits needed for market. Any surplus in price will go towards the rent of the land. However, if the price is not higher than this, it can still be sold but won’t generate rent for the landlord. The […]

The Chevy Volt case illustrates the challenges faced by large corporations such as GM. Effective strategic decision making necessitates a leader’s vision to attain profitability and sustainability, the primary business goals. However, conflicts among management committee members can hinder the assessment of whether their chosen course is beneficial. Conversely, smaller companies with fewer decision makers […]

This case study represents loyalty and integrity issue beyond fixed or variable prices. Scott, the salesman at Standard Machines has made a bid based upon the fix price established by his company at $429K. In this case, the company of Occidental Aerospace is taking bid from companies to earn the rights to their contract. Since […]

“Cost and Worth are two different things.” Worth and Value are different since worth is a term used to denote how much something will cost. For example, your cell phone might sell P3, 000.00 at sulit.com. So the monetary value attached to any item is an item’s worth. While on the other hand, Value is […]

This report examines the effects of the Chinese housing price control policy, which aims to address the significant rise in housing prices across various cities in China over recent decades. The Chinese government has implemented multiple measures to curb these increasing prices. This report applies insights from “Economics in One Lesson” to analyze this matter […]

Price rise is the bane of modern world. Price of essential commodities go on rising every day despite the professed and genuine efforts of the government. The main reason of rising the price as the sky rocket is the im-maturity of the government plan and the unabated raise on the population at the alarming rate. […]

Q1: Apple faced with two main pricing decisions for its range of iPhones. The first one is a skimming price decision and the second one is a penetration pricing decision. 1. Skimming price decision When Apple first launched the new iPhone 3GS, it made a skimming price decision which means it aims to sell to the […]

Sears and Walmart are unable to establish a fashionable countercultural identity due to their marketing approach, which prioritizes selling large quantities at low prices. This contradicts the concept of being cool, youthful, and distinctive with an unusual or exclusive image. To achieve this exclusivity, products should be limited in quantity to boost demand. However, stores […]

1. Was Silvio the right choice for general manager of Schindler’s India operations? In order to determine if Silvio Napoli was the right choice for general manager at Schindler India his abilities and weaknesses have to be taken into consideration. By looking at his strengths and weaknesses and keeping in mind the challenges of the Indian […]