...244 Ch.15 Monopolistic Competition pp. 339 – 356 Ch.16 Oligopoly games and Strategies pp. 357 – 380 1 2 3 Market Structure Perfect Competition Monopolistic Competition Oligopoly Duopoly Cartel Monopoly 10 Market Structure Perfect Competition Sell Side • • Perfect Competition • Duopoly • Monopoly • Example One large seller controls market – Telstra in 1990 2 Sellers – Broome Camel Tours, AMD & Intel , Qantas & Ansett Imperfect Competition Buy Side • Monopsony (monopsonist) • Duopsony (duopsonist) • Example Where large buyer controls the market 2 buyers of product • • Oligopoly • More than two • Oligopsony sellers – (oligopsonist) University Education, Car manufacturers, Banks, Fast Food • Several large buyers control the market – i.e. Fast Food industry controls the meat market • Monopolistic Competition ‐ sell side • Small to Medium sized businesses 11 Types of Markets: Perfect and Imperfect Perfect Competition has the following distinguishing characteristics: • • • • Many Buyers & Many Sellers Products are Homogeneous Perfect knowledge of competitors activities ‐ i.e. symmetrical knowledge Firms are Price Takers not Price Maker • • • • Freedom of Entry and Freedom to Exit All PC firms face the same costs Price = Demand = AR= MR. Firms make an economic profit Or an economic loss • No barriers to entry Examples: The spot market for crude oil & spot market for Henry Hub natural gas...
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...Storing tires can prove challenging, especially for anyone who rents their home. Fortunately, some tire dealers will store your extra set of tires if you do not have space. 2) All-season tires are enough, right? Drivers may be under the impression that all-season tires are sufficient. After all, all-season means four seasons, but that’s not entirely accurate. Although all-season tires can be driven throughout the year, they do not provide the extra amount of grip needed on snow-covered roads. So, let’s cut to the chase here: winter tires are necessary if snow conditions are a regular part of your driving experience wherever you live. In my area of central North Carolina, they’re not necessary. But in mountainous regions such as Boone or Asheville, drivers should use them and not just on the axle that drives the car — but on all four...
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...Darren Thompson Ms. Maddy English IV, Period 5 17 Dec. 2012 Bucket List 1. Own a monkey 2. Skydive 3. Be a cop 4. Travel the world 5. Have children 6. Drive my favorite cars 7. Be an auto mechanic 8. Read the longest book ever written 9. Go to college 10. Give someone/myself a tattoo 11. Build bIg muscles 12. Grow a full beard 13. Teach a weights class 14. Learn to dance like a pro 15. Go windsurfing. 16. Ride a jet ski. 17. Go water skiing. 18. Go water skiing barefoot. 19. Be a millionaire 20. Go deer hunting. 21.Go duck hunting. 22.Go alligator hunting. 23.Hunt grouse in Scotland. 24. Go bear hunting. 25. Go to Space 26. Land on the moon. 27. Find a alien life form. 28. Find a new galaxy 29. Time Travel 30. Learn parkour 31. Speak french 32. Speak Spanish 33. Speak dutch 34. Speak Italian 35. Speak Portroguese 36. Speak Chinese 37. Speak Japanese 38. Drive a car into a lake 39. Drive a car into a telephone pole 40. Drive a car into a building 41. Drive a car on water 42. Drive a flying car 43. Drive a car off a cliff 44. Drive a car into a car 45. Drive a car into a house 46. Build a house 47. Build a building 48. Build a car 49. Build a bike 50. Build a business 51. Build a Computer 52. Make the sickest phone ever 53. Build a teleporter 54. Revive a mouse 55. Revive a human 56. Revive a deer 57. Revive a bear 58. Revive a ferrit 59. Revive a dog 60. Revive a cat 61. Take a cross country road trip...
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...finance. CASE STUDIES NEW MINIMARKET Roy Bhuvnesh has been made redundant after 20 years with a major organisation and has received a lump sum redundancy payment of £70,000. He is planning to set up a new minimarket and has identified suitable premises valued at £180,000 in Green Lane. BUYING A NEW FREEZER CABINET A small newsagent in Green Lane has decided to purchase a new freezer cabinet and oven/roasting unit to provide hot meals for local workers and for pupils at Northwood School which serves the surrounding area. The cost of the units is £8,500. MOBILE CAR VALET SERVICE You have just passed your driving test and along with a friend are setting a business to offer a mobile car valet service. This would involve them travelling to people’s homes and washing and internally cleaning customer cars. They are hoping to attract private customers and local garages who sell second hand cars. RE-LOCATING TO SWANSEA Sentinel Industries plc are planning on moving a major part of its production facility to Swansea. It has identified a site near a former chalk pit that is now not used. The estimated cost of the facility is £10 million. BUYING NEW EQUIPMENT Lucas Engineering Ltd with an annual turnover of £3.5 million has decided to install new machinery to help improve its productivity. The equipment needs to be housed in a new building to be constructed on the site. The forecast cost of the building is £260,000 and the equipment £300,000 IMPROVING FACILITIES ...
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...2010—2011学年第一学期 研究生课程期末论文 论文题目： Beijing Largest Bicycle Rental Company Went Bankrupt 学 号： w201051003, w201051005 姓 名： 周丽亚， 李炅真_______ 专业年级： 商务沟通 研一 课程名称： 营销学原理 任课教师： 江春 完成日期： 2011年1月3日 《营销学原理》课程研究生期末论文评阅表 考核形式：论文 选题要求：（请任课教师说明学生应围绕哪些领域、方面写作） 字数要求：_________字 满分分数：_________分 论文提交截止日期：_______________ 评分要求：（请任课教师说明从哪些方面评定分数，下列指标项仅供参考，任课教师可根据课程论文要求对指标项进行调整。） |指标项* | 研究生部培养办制表 Original case: 北京最大自行车租赁公司倒闭 http://www.sina.com.cn 2010年11月08日18:02 法制晚报 方舟自行车服务(北京)有限公司(以下简称“方舟”或“方舟公司”)倒闭了！近日，该公司进入退还会员押金、清理办公室的“善后”阶段。 白底橙边的自行车，曾布满京城的大街小巷。如今，它们被铁链捆住“躺”在路边，以20元到50元的价格被廉价处理。 又一个“让北京市民回归自行车”的梦碎了。下一个会是谁？是租赁点缩水至20余个的贝科蓝图，还是靠免费吸客的上海永久？ 在北京市倡导2012年租赁自行车2万辆、2015年5万辆的背景下，这个即将集体死亡的行业正期待救世主。 现状 地下办公室 仅有两人“善后” 近日，方舟员工老魏在老婆的催促下，来到海淀万寿寺汇景阁公寓一间没有招牌的地下室。 当他再次推开办公室门时，领导不再像过去一样斜着眼瞧他，而是笑呵呵地说：“来领工资的吧，今天可以结清。”在讨薪近两个月后，老魏“幸运”地领到7、8两个月共计3600元的工资。 屋内左侧是半间办公室，摆着两张办公桌，右侧是半间仓库，堆着电脑、饮水机、打印机等办公用品，还有两个盛满文件夹的“方舟”车篓。 这里，只有主管经营的王经理和办公室主任合德贵。 出了办公室门，老魏不再去城铁望京西站外看守那仅剩的100辆破车——城铁望京西站外的方舟自行车租赁点关张了。 至此，方舟公司在全市的200余个站点全部停止运行，一个亏本运营了2年零3个月的企业，彻底进入“善后”的状态。 曾经布满京城的1万多辆方舟自行车，目前仅剩两三千辆，散落在公交站或报亭附近的租赁点。 能骑的按50元一辆成批地卖，不能骑的按20元一辆卖给收废品的，换成现金来偿还顾客的押金。 ...
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...Cirque du Freaks’ Wacky Olympics Task: You are coordinating an all-day outdoor “Wacky Olympics” offsite team-building event for 100 employees of a corporation, including ten track and field events, a catered luncheon under a tent, refreshments, hospitality areas for persons accompanying the attendees, and a means of displaying corporate branding images. (Page 92, # 2) Figure 1Cirque du Freaks portrait. Courtesy of Coney Island Freak Show Introduction The event is a Cirque du Freaks’ themed Wacky Olympics, Luncheon and Freak Show. The purpose of this event is to provide a fun and uninhibited platform to help rekindle team workmanship and communication amongst the co-workers and departments at Team Corporation. The executives at Team Corporation have hired Me & My Artsy Friends Events to put together an unique team building event on May 21, 2011 at 8:00 am until 4:00 pm. One hundred employees from different departments will be participating in competitive wacky sport events dressed as sideshow characters. The Wacky Olympics will be 10 track and field events that will help teams to strategize and work harmoniously to reach the finish line. After the days sport events, teams will be served a three course exotic comfort food luncheon that will reflect the whimsical day. The luncheon will feature exotic Cirque du Freaks side show attractions like fire eaters and contortionists as well as a freaky circus décor. The...
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...creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. – Marketing is activity and strategy that make the product available for the consumer and make profit for the company. The financial access depend on marketing ability. Marketing help the people to accept new product and help to create a job – identifying and meeting human and social need. Marketing Management Is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value. What is marketed? Goods; Physical goods, frozen food, cars, Tv. Services; airline, hotels, car rent. Mix good & service like fast food meal. Events; World Cup, Olympics, trade shows. Experiences; Arranging services and goods, like climbing Everest mountain and visiting Walt Disney. Persons; Artist, musician, lawyers. Places; Cities, States, commercial bank. Properties; Intangible rights like real estate, stock and bond. Organizations; University and museum. Information; books, school. Ideas; product and services are platform for delivering idea or benefit. Demand States Negative Demand: Consumer dislike the product and may pay to avoid it. Life insurance, not economically visible. Nonexistent Demand: Consumer may be unaware of or uninterested in the product. Technology has not invented yet. Latent Demand: Consumer may share a strong need that cannot...
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...the role that each person will play in the proceedings and their responsibilities. Explain the role of civil law – concerned, deals with what Civil court the lowest court is civil structure county court County court deals with what Who is applicant, defendant The roles and responsibilities What track the case is on which track – fast, multi Alternative methods Case study 1: Sam buys a second hand car from a local garage for £5000. Within a month the brakes fail. He takes the car back to the garage 3 times for a repair but the brakes are still not fixed and the garage shop refuses to refund him. Sam wants his money back. The role of the Civil law helps and deals with disputes between 2 private parties of disputes which can cause harm to others. The lowest court of the Civil Court is the Civil Structure County Court. This case is one of many Civil Courts Cases and is left to the County Court for a solution. This Court will be the right one for dealing with this case as it is a widely used court which deals with civil. It is used for mainly tenant disputes, rent arrears, eviction disputes and consumer disputes such as faulty goods and services. This court deals and specializes with financial jurisdiction therefore because this case is about Sam claiming his £5000 back from the defendant this court is perfect for him and is also a fast track case because this claim does not exceed £25000. It is small claim because the case is under £50,000. The defendant has 14 days to...
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...Learning legacy Lessons learned from the London 2012 Games construction project Programme Baseline Report Champion Products are examples of tools and formats used by the Olympic Delivery Authority (ODA) in executing its programme. The ODA is publishing these as part of its Learning Legacy in the anticipation that they may be of use to future projects seeking best practice examples of tools and templates that have been used successfully on a large, complex programme. Purpose of the document, description and how it was used The purpose of the Programme Baseline Report was to provide a comprehensive summary of the ODA’s Olympic Programme, detailing scope, programme, budget and risk against which performance could be measured both internally and externally. The scope defined in the report includes all works required regarding site platform and infrastructure, venues, transport, and legacy transformation. This document was used to present a comprehensive statement of the scope of works required and the necessary budget for delivery. Once the document was agreed at the commencement of the programme, delivery of the works was monitored against the baseline and change could be managed robustly. Olympic Delivery Authority Programme Baseline Report Summary November 2007 report The report was updated in 2009 reflecting the status of the programme two years after the original report and after substantial completion of the ODA’s Games-time...
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...Miami 2020: Olympic Proposal Prepared for: International Olympic Committee 1 Olympic Plaza Colorado Springs, CO 80909-5708 Prepared by: Andrew Neely, Matthew Ori, David Schofield University of Florida Gainesville, FL 32611 April 21, 2010 Executive Summary The following is our proposal to the International Olympic Committee recommending Miami, Florida to host the 2020 Summer Olympic Games. Our team recommends Miami because of the diversity, means of safety, the existing infrastructure, and financing opportunities that Miami has to offer. Our team has found through extensive research of past Olympic Games and host cities that these are the four key areas of focus. The Olympic Games bring together people from all around the world and all the different types of people blend together to enjoy something great for two weeks every four years. Similarly, Miami does the same thing just on an everyday basis. Miami is home to people from all over the world and from all different backgrounds. The diversity in Miami has been researched and will be used as an asset to the Olympic Games. The city is already multi-linguistic which will be a major help in relieving stress when it comes to travel for the participants. Keeping this diverse group of people safe will be an issue Miami will face. The safety of the participants and fans is arguably the most important aspect the host city needs to focus on. The Miami area has been recently cutting down on crime and will continue this...
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...Using Supply and Demand 5 A f t e r r e a d i n g t h i s c h a p t e r, y o u s h o u l d b e a b l e t o : Show the effect of a shift in demand and supply on equilibrium price and quantity. Explain real-world events using supply and demand. Demonstrate the effect of a price ceiling and a price floor on a market. Explain the effect of taxes, tariffs, and quotas on equilibrium price and quantity. State the limitations of demand and supply analysis. State six roles of government. It is by invisible hands that we are bent and tortured worst. Nietzsche I n the last chapter we introduced you to the concepts of supply and demand. In this chapter we will (1) show you the power of supply and demand, (2) show you how the invisible hand interacts with social and political forces to change the outcome of supply and demand analysis; and (3) discuss how one must adjust supply and demand analysis with other issues kept at the back of one’s mind. THE POWER OF SUPPLY AND DEMAND To ensure that you understand the supply and demand graphs throughout the book, and can apply them, let’s go through an example. Figure 5-1(a) deals with an increase in demand. Figure 5-1(b) deals with a decrease in supply. 104 USING SUPPLY AND DEMAND s CHAPTER 5 105 Figure 5-1 (a and b) SHIFTS IN SUPPLY AND DEMAND When there is an increase in demand (the demand curve shifts outward), there is upward pressure on the price, as shown in (a). If demand increases from D0 to D1, the quantity of...
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...Fundamentals Level – Skills Module Taxation (Malaysia) Monday 1 June 2009 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates and allowances are on pages 2–3. Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Paper F6 (MYS) SUPPLEMENTARY INSTRUCTIONS 1. 2. 3. Calculations and workings should be made to the nearest RM. All apportionments should be made to the nearest whole month. All workings should be shown. TAX RATES AND ALLOWANCES The following tax rates, allowances and values are to be used in answering the questions. Income tax rates Resident individual Chargeable income Band Cumulative RM RM 2,500 2,500 2,500 5,000 15,000 20,000 15,000 35,000 15,000 50,000 20,000 70,000 30,000 100,000 150,000 250,000 Excess Resident company Paid up ordinary share capital RM2,500,000 or less More than RM2,500,000 Non-resident Company Individual Tax payable Rate Cumulative % RM 10 0 11 25 13 475 17 1,525 13 3,475 19 7,275 24 14,475 27 54,975 28 First RM500,000 20% 26% Excess over RM500,000 26% 26% 26% 28% Personal deductions Self Self – additional if disabled Spouse Spouse – additional if disabled Child...
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... | |Robbie Johnson, Paul Vitale, Tim Lyons, Nathan Davis, and Laura Rusbarsky | | | Executive Summary Plan Overview: • We made sure to do the SWOT Analysis for BMW. Our strengths are our brand recognition and reputation for quality while our weaknesses are our high repair costs and vulnerability to currency fluctuation. Additionally, our opportunities are increased media attention on the 2012 Olympics and the BMW Championships golf tournament (both of which we sponsor) and our threats are the rising cost of fuel and the severe economic downturn. • We examined several trends affecting BMW and the car industry as a whole. Every automobile manufacturer must find ways to deal with increasingly demanding regulations on emissions and fuel economy from the EPA. Further, BMW’s customers care about being cutting edge, so we must find ways to thoughtfully integrate the latest technologies (navigation system, Bluetooth, HD radio)...
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...[pic] 1) introducing 2) fast food Life of the people all around the world is so much busy that they do not even get time to eat food properly. This gave birth to a new sector called the fast food sector. With the efficient service, low prices and casual atmosphere, fast food seems like the ideal "all-American" choice. Since the evolution of fast food restaurants, the value of the all American meal has been transformed by many means. Not only have fast food restaurants altered people's eating habits, but they have also revolutionized the way people live and society. Americans now spend more money on fast food than they do on higher education, personal computers, software or new cars. They spend more on fast food than on movies, books, magazines, newspapers, videos and recorded music Over the years a lot of food chains have entered the business. 3)mcdonalds: short discription According to this Google map, there are close to 50,000 fast food chains across the United States. The most widely recognized brand in the world happens to be McDonalds, serving around 64 million customers daily in 119 countries. McDonald's operates over 31,000 restaurants worldwide, employing more than 1.5 million people. To make sure their progress is kept alive, they manage to open five new restaurants every single day. An average of four out of the five are overseas. In other words, America imprints four influencing footprints a day throughout different parts of the world. Ninety-six percent...
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...Shareholders Statement of Financial Position Statement of Comprehensive Income Statement of Changes in Shareholders’ Equity Statement of Cash Flows Notes to the Financial Statements Unit-wise Working Result Schedule of Non- Current Assets Certificate on Review of financial statements PROXY FORM 39 - 40 41 - 42 43 - 44 45 46 - 47 48 - 80 81 - 82 83 - 84 85 ANNUAL REPORT 2014 2 Letter of Transmittal December 6, 2014 Esteemed Shareholders Bangladesh Securities and Exchange Commission Dhaka Stock Exchange Limited Chittagong Stock Exchange Limited Registrar of Joint Stock Companies and Firms Dear Sir or Madam, Subject: Annual Report for the year ended June 30, 2014 It is our pleasure to inform you that the 35th Annual General Meeting of Olympic Industries Limited will be held on Wednesday, December 24, 2014 at 10:00 AM at our 2nd biscuit factory premises at Lolati, P.S. Sonargaon, District Narayanganj. As such, it our pleasure to forward you our Annual Report together with our audited financial statements comprising of the Auditor’s Report to the Shareholders, Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Shareholders Equity, Statement Cash Flows, Unit-wise Working Result, Schedule of Non-current Assets, and Accounting Policies and...
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