Supply and Demand and Gasoline
1. Select two companies whose product(s) you use in your daily life. You may choose any firms you wish, as long as their information is publicly available (as to their products and financial information) and they are known to the average person.
Dell computer & Lukoil a. Dell computers cover needs pertaining to strategy and deployment, IT and business consulting, managed services and all around expert advice and world-class support. Dell products can be used within organizations to use business processes efficiently, and assist with technology infrastructure and applications services to pinpoint growth opportunities that essentially reduce costs.
b. Demand for the equipment that Dell produces is very high. The global computer industry is consistently transforming to meet the needs of business and personal activities and Dell is front and center with this. Globalization has helped innovation with respect to these advance changes. Improved technology makes it possible for business to interact more efficiently and ultimately boost revenues and keep down certain costs. If an organization does not have the proper technology to efficiently run their business, they will suffer. Computers aren’t limited to business or personal use anymore. Schools utilize laptop computers for students in the classroom, creating a very high demand for them. Libraries use them, and online education has become increasingly popular in today’s society.
c. The supply-and-demand model relies on a high degree of competition, meaning that there are enough buyers and sellers in the market for bidding to take place. There is significant competition for Dell in the market. Prime competitors include Hewlett-Packard, Apple, Samsung and IBM to name a few.
d. There are substitutes for Dell’s brand of computer technology and there are different levels of their own brand from high end to low end, depending on the consumer’s price point and needs.
e. Revisit this
Dell computer & Lukoil a. Dell computers cover needs pertaining to strategy and deployment, IT and business consulting, managed services and all around expert advice and world-class support. Dell products can be used within organizations to use business processes efficiently, and assist with technology infrastructure and applications services to pinpoint growth opportunities that essentially reduce costs.
b. Demand for the equipment that Dell produces is very high. The global computer industry is consistently transforming to meet the needs of business and personal activities and Dell is front and center with this. Globalization has helped innovation with respect to these advance changes. Improved technology makes it possible for business to interact more efficiently and ultimately boost revenues and keep down certain costs. If an organization does not have the proper technology to efficiently run their business, they will suffer. Computers aren’t limited to business or personal use anymore. Schools utilize laptop computers for students in the classroom, creating a very high demand for them. Libraries use them, and online education has become increasingly popular in today’s society.
c. The supply-and-demand model relies on a high degree of competition, meaning that there are enough buyers and sellers in the market for bidding to take place. There is significant competition for Dell in the market. Prime competitors include Hewlett-Packard, Apple, Samsung and IBM to name a few.
d. There are substitutes for Dell’s brand of computer technology and there are different levels of their own brand from high end to low end, depending on the consumer’s price point and needs.
e. Revisit this