Oligopoly refers to market, which is imperfectly competitive and dominated by a few suppliers (Anderton, 322). This market structure has three main characteristics. Firstly, the few firms must be the main suppliers in the industry. Secondly, the oligopolistic firms must be interdependent. Thirdly, other new firms are not able to entry the industry. One example from the AllExperts (2010), in the UK, the supermarket industry, Tesco, Asda, Sainsbury and Morrison, who have over 75% market share. ...
Organization go international for variety of reason but most important goal and aim is company's growth and expansion. many company look international market for growth by introducing new product internationally will increase company's customer base, sales and revenue, company gets higher profits in less time, it reduces the dependability of organization on traditional markets, company which can implemented in domestic market and learn global competitiveness. This is the aims of business goin...
'BRIC countries' is the term that was mentioned first time in 2003. It means the four countries' group: Brazil, Russia, India and China. These countries are at similar stages of economic development and they attract a huge investors' attention from all around the globe. The analysts who've created the BRIC term forecast that China and India will become the world's dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly dominant as sup...
According to Ramirez, inwards FDI to developing nations have the chance to raise their capital stock as well as technological know-how, and in turn, increases the recipient country's output level, labor productivity, and tax revenues. Nonetheless, FDI flows may harm the growth prospects of a nation if they result in huge reverse flows like profit and dividends remittances and/or if the MNCs gain large tax concessions from the host nation. The negative impact will be continuously compounded if...
In Finland, Lukka and Granlund (1996) observed that product cost information had its greatest importance in pricing, tendering and cost reduction decisions. In Italy, Cescon (1999) noted the most important uses of product costs were in cost reduction, pricing, make-or-buy and investment decisions, and its least important role related to decisions about distribution channels. Based on the above quotations, the costs of the product, its inputs including the amount spent on product development, ...
In this particular project the strict model of CAPM is examined and try to understand if the equation manage to fully predict the beta of the stock. Two stocks are being examined and the assignment focus on the betas of the stocks Texaco and Public Service of New Hampshire. The structure of the report is as follows: First the method of ordinary least squares is used to produce the estimated values of α,β. Second the results obtained are discussed, their significance is tested and their confid...
1.0 Introduction The growth of international production is mainly driven by economic and technological forces. It is also driven by the ongoing liberalization of Foreign Direct Investments (FDI) and trade policies. Foreign Direct Investments (FDI) refers to an international investment made by a resident entity in one economy (Direct Investor) with the objective of establishing a lasting interest in an enterprise. Globalization offers exceptional opportunities for developing countries to achie...
After the research, we found that there are four type of unemploment. And below is the summary of structural unemployment, frictional unemploment, cyclical unemployment, and classical unemploymeny. Structural unemployment When there are less suitable job provide for the people will cause to structural unemployment because there is a mismatch between the skills needed for the jobs and the skills of the unemployed workers. eg. A employee fired by his car maker company because machine had replac...
Rapid changes in technology have influenced the production of new products while rendering older ones obsolete, especially those products which have reached the limit of their shelf lives. These products in particular are made by manufacturers who have not been able to adjust with changes in technology, shifts in consumer preferences and changes in business environment. One can cite many cases of this evolution such as “buggies”-to-cars, typewriters-to computers etc. The economist Joseph Schu...
The study attempts to determine the relationship between inflation, real wages and labor productivity. Inflation is an increase in the average level of prices of goods and services in an economy over a period of time, not a change in any specific price. When the general price level rises; each unit of currency buys fewer goods and services. Output is the amount of goods and services by a firm, industry, or country. For output variable the index of value added is used. Nominal wages are the Av...
