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alexdok [17]
3 years ago
7

Give an outline of the differentiating characteristics of a monopolistic competition and an oligopoly market structure.

Business
2 answers:
Aliun [14]3 years ago
7 0
In an oligopoly, few companies produce the same product and in a monopolistic competition some companies produce similar products, but each one of them produces a slightly different product.

Let's imagine a market in which there are only 2 producers of chocolate- that is an oligopoly (it would not be one if there were 30) .

Now, let's imagine that one of them only produces dark chocolate, and the other only milk chocolate - now, that's a monopolistic competition!
Alexus [3.1K]3 years ago
4 0
Both Monopoly and Oligopoly have large market shares. Unlike monopoly where only one business holds 100% of the market, oligopoly is composed of a few businesses that have market shares. Each movement or decision made by any companies in an oligopoly will greatly affect the market.

Monopoly = 100% market share, has a say on supply and price of goods or services offered.

Oligopoly = 2 or 3 companies share the market. Each have at least 33% of the market. Any change made by one business will affect the other remaining businesses.
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3 0
3 years ago
Akihabara Imports offers the widest selection of Japanese animation products available on the Internet.
n200080 [17]

Answer:

The message is designed to persuade <u>the audience/prospective consumers.</u>

Specifically, the primary purpose fo this message is to <u>sell animation products.</u>

The secondary purpose is to <u>position </u><em><u>Akihabara Imports</u></em><u> as an appealing brand or the best place to purchase Animation Products.</u>

<u />

The questions to ask when profiling an audience are:

E) Who is my primary Audience?

It is important to know who one is advertising to. That is, those who can actually purchase ones product(s) must be identified. It is illogical, for instance, to advertise Mannequins to Farmers. They have no use for it.

B) Why am I writing this message?

As already stated above, the purpose of advert must be clear. When you know want to achieve, the next question to ask is 'how can I achieve this?', 'who can help us achieve this'?

C) What is my relationship with the audience

If a business is a first timer in the market, it means there is no relationship at all with the target audience. An existing business with a history of transactions with the target audience would most likely approach it's adverts differently.

Please Note:

  • You don't need to like you audience to sell or advertise to them. However, it is critical to have a value adding mentality to succeed in the market place.

Cheers!

8 0
3 years ago
"A particularly odd aspect of the Smoot-Hawley tariff-raising binge was that the United States was running a balance-of-payment
ANEK [815]

Answer:

The correct answer is

Explanation:

The Creditor is the natural or legal person who is paid for the purchase or use of a service that is not directly related to the activity carried out in the business.

That is to say, the purchase of the service is made since it must be necessary for the correct and habitual operation of the business.

7 0
3 years ago
Read 2 more answers
George deposited $2,000 in his bank account, which offers 5 percent compound interest calculated annually. what would be the pri
Ymorist [56]

Answer:

$2,205

Explanation:

The amount available after two years can be calculated using the formula

A= P x ( 1 + r) ^n

where A = amount

P= principal: $2000

r = interest rate : 5%, or 0.05

n = number of compound periods: 2

A= $2000 x ( 1 + 0.05)^2

A= $2000 x1.1025

A= $2,205

Principal amount after two years = $2,205

3 0
3 years ago
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Which of the following is a disadvantage of a decentralized organizational structure? A. Increasing the size of the corporate bu
galben [10]

Answer:

Putting the organization at risk if higher-level management is unaware of their actions

Explanation:

Decentralization is a process of top management transferring decision-making powers, particularly in relation to planning and control, by means of delegated authority away from the top, to lower levels of management.

Once this is done, of the disadvantages is that: top management might not always be aware of issues when they occur and how and when they nmay have been resolved. This could put the organisation at risk because certain issues may have been better resolved at the top by virtue of the experience of senior management. In essence, Top management might begin to loose control.

8 0
3 years ago
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