TABLE OF CONTENTS Title Page I. Introduction 3 II. Functional Structure 4-6 III. Geographical Structure 7-9 IV. Product Structure 10-12 V. Matrix Structure 13-15 VI. Conclusion 16 VII. References 17 INTRODUCTION Organisational is a key element in a process of management. It is a system of structural relationship‚ all the way through which people under
Premium Organizational structure
Industries are classified into four different market structures. They are perfect competition‚ monopolistic competition‚ oligopoly and monopoly. Each of these has different characteristics regarding the number of firms involved to the type of product they make. Different methods and restrictions are used to maximize profits in all markets of the economy. Brand management and advertising are two tools that firms used to differentiate their products. The main objective of brand management is
Premium Economics Monopoly
Evaluating Market Structures Economics 212 Abstract Many types of market structures exist‚ with each market structure proving more effective than the other for certain firms. If a firm choses to enter a different market structure then that firm’s financial success will either diminish or flourish accordingly; the latter is usually the case regarding monopolistic competition market structures in the short run. Firms in this market structure must compete by using strategies‚ hiring skilled labor‚ evaluating
Premium Economics Supply and demand Perfect competition
MARKET STRUCTURES IN THE PHILIPPINES “A term paper submitted as a partial fulfillment of the requirements in Microeconomics” Submitted by : Jake Kevin P Borja BSBM – IIB Submitted to: Ms. Azelle Agdon Date of submision : October 10‚ 2012 I. Introduction Any study of economics has to begin with an understanding of the basic market structure of the country. An economy is made up of producers of goods and services‚ of
Premium Marketing Management Strategic management
ALTERNATIVE MARKET STRUCTURES It is traditional to divide industries to categories according to the degree of competition that exists between the firms within the industry. There are four such categories. At one extreme is perfect competition‚ where there are many firms competing. Each firm is so small relative to the whole industry that it has no market power to influence price. It is a price taker. At the other extreme is monopoly‚ where there is just one firm in the industry‚ and hence no competition
Premium Economics Microeconomics Perfect competition
or business fits within today’s society. Knowing where their product fits within the market structures will help the business owners in determining how to market their services or products. They also must know the number of consumers that require the product or service. This will give the local economy as well as global economy a much greater chance to accept the business or service. There are four market structures that businesses fall into; a monopoly‚ an oligopoly‚ a monopolistic competitor‚ and
Premium Competition Monopoly Economics
Market Structure of Airlines including a Market Structure Table Each business that operates provides goods of some nature‚ public‚ private common resources‚ or natural monopoly. To provide these goods to consumers and make money businesses are subject to Supply and Demand costs of labor as well as the Market Structure of its competition. Using knowledge in all of these aspects of economics it is apparent that Airlines are subject to these factors as well‚ how the economy works can be analyzed
Premium Supply and demand
1a) Explain how the different features of monopolistic competition and oligopoly affect price and output determination in these market structures. Both monopolistic competition (MPC) and oligopoly generally determine price and output based on the profit-maximising condition that marginal cost (MC) equals to marginal revenue (MR). Due to the different features of both monopolistic competition and oligopoly such as the barriers to entry (BTE)‚ which affects the number of sellers as well as market
Premium Monopoly Economics Supply and demand
Analyse The Structure Of The Market Structure Of Oligopoly And The Difficulty In Predicting Output And Profits Market structure of oligopoly Oligopoly is a market structure where there are a few firms producing all or most of the market supply of a particular good or service and whose decisions about the industry’s output can affect competitors. Examples of oligopolistic structures are supermarket‚ banking industry and pharmaceutical industry. The characteristics of the oligopoly are: Small
Premium Pricing Cartel Oligopoly
the following from the specification: • The range of market structures • How costs and revenues vary in different market structures • Changes in costs and revenues in different market structures The range of market structures |Type |Perfect competition |Imperfect competition |Oligopoly |Monopoly | |Example |Financial markets and |Small service sectors‚ |Supermarket chains
Premium Economics Microeconomics Supply and demand