The knowledge and comprehension of the topics mention above will aid Will Bury with the success of his business Will Bury predict to enter the market soon with his invention. Recently he manufactured new technology which converts printed conventional books to digital and audible books. This idea is patent due to the competition market. Audible book currently exists in the form of CDs. Due to this market rivalry Mr. Bury understands he is entering into a monopolistic competition. A monopolistic
Words: 1298 - Pages: 6
newspapers, and now even books. Many people love to read; however, very few have time to sit down and enjoy a good book. Will Bury is an enterprising inventor who truly believes in his newest invention. His mission is to provide people who already like to read the opportunity to read the same books digitally or to listen to them with a realistic synthetic voice. Will Bury is in need of a working location to continue the work of his latest product as well as a staff to carry on the implementation
Words: 1311 - Pages: 6
Will Bury Business Proposal Will Bury Business Proposal To maintain its health with the current economic conditions a business must remain competitive and increase profits. Will Bury developed technology that will allow him to convert printed text to into a digital format for reading or an audio format for listening. Will Bury holds the patent to his technology that makes his business a monopoly. This gives him an advantage by creating a barrier to entry for competitors
Words: 1037 - Pages: 5
Business Proposal ECO/561 August 08, 2011 Abstract Will Bury, an enterprising inventor, is convinced that soon everyone will be reading or listening to everything digitally, including books that have been mostly available in hard copy. He knows that there are books on CD, but these are relatively expensive and have been recorded using human readers. He also knows that there is technology that can transform the printed word into audio, but the sound is somewhat inhuman. Will plans on speeding
Words: 1066 - Pages: 5
Business Proposal Week 4 LaKeeta Seals University of Phoenix Samuel Imarhiagbe/Instructor February 29, 2011 Abstract Will Bury, an enterprising inventor, is convinced that soon everyone will be reading or listening to everything digitally, including books that have been mostly available in hard copy. He knows that there are books on CD, but these are relatively expensive and have been recorded using human readers. He also knows that there is technology that can transform
Words: 1434 - Pages: 6
Business Proposal-Will Bury Through the current economic condition, remaining competitive and growing profit is essential to sustaining a vital business. Mr. Will Bury has developed proprietary technology that will allow him to convert printed text into a digital format for reading, or audio for listening. Since Mr. Bury holds the patent on his digital and audio converting technology, his company fits the criteria of a monopoly. In addition, he is not clear on how to market or price his product
Words: 1561 - Pages: 7
to maintain healthy businesses. This proposal will discuss Will Bury and his privately developed technology that allows him to transform a piece of writing into a digital format for audio and or reading. This proposal will also discuss basic recommendations on how Mr. Will Bury may increase his revenues, adjust variable and fixed cost in efforts to maximize profits, reduce costs, and achieve ideal production levels. Mr. Will Bury holds the registered trademark on this audio and digital technology
Words: 1241 - Pages: 5
Will Bury Business Proposal Econ/561 March 2, 2011 To: Whom it May Concern From: Will Bury Date: March 2, 2011 I have gathered you here today to discuss the future of my company Will Bury’s Digital Books. My company’s structure is monopolistic competition, which mean as demand increases, prices decrease. To make any profits, I have to make sure that my product is in demand (Halmos, 1995). After that, it is in my best interest to determine ways to increase revenue, minimize cost, profit
Words: 1199 - Pages: 5
a unique experience to a reader. This process is time-consuming and costly. Mr. Will Bury has developed proprietary technology that will allow him to convert printed text into a digital format for reading, or audio for listening. Because Mr. Bury holds the patent on his digital and audio converting technology, his business is considered a monopoly. This creates a barrier of entry to competitors and gives Mr. Bury an advantage. However, while he has had his business for a few years, he has not been
Words: 1436 - Pages: 6
be the new standard? Industry Analysis – worldwide automotive Industry (real time) (Fig 1) Barriers to enter the automotive industry are high due to the large fixed costs, cutting edge technology, high learning curve and strong customer loyalty to the brands. This basically also applies to the EV industry. However, electric vehicles are easier to imitate in production that lowers the barrier of entry. Competition in the automotive industry is high. There are a number of well-established players
Words: 2343 - Pages: 10
