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Bob and john are oligopolists in the market for ice cream. If Bob and John engage in a price war will the price of ice cream in their town be closer to Perfectly competitive market or a monopolistic?
Perfectly competitive, because both firms will compete to earn a greater market share (they are "price takers"), leading to prices that more closely resemble a perfectly competitive market than a monopolistic market (one dominant "price making" firm).
What methods could small businesses us to compete?
There are generally two ways any business can compete - lowest price or uniqueness of product. But you can always focus on promoting your product or company in a different way, which may have the same effect.
Why do companies compete?
Companies compete in the market to show how big they are. The share price will show how big they really are! Google's share price is over 600.00 bucks so it is sold a lot!
the cost concept the basis for entering the exchange price into the accounting records?
That statement is true. The cost concept is the basis for entering the exchange price into the accounting records.
Is the cost concept the basis for entering the exchange price into the accounting records?
That statement is true. The cost concept is the basis for entering the exchange price into the accounting records.
What fees should I charge for my consulting business?
That depends on what industry your business is in, who do you focus on (individuals vs. companies, small business vs. large scale business), how do you structure the consulting meetings, what is your budgeting goal, and if you want to compete on the basis of low price or differentiation of service.
how do business compete with each other?
businesses compete in many different ways for example they compete on price, product quality. Services and advertisment. They do this to get a hold in the market and to beat the competitions to the customers meaning they will get more money and therefore more profit.
What is today's platts price for d2 on cif rotterdam basis?
platt price on d2 today?
How is rationing different from a price based system?
it uses criteria other than price and is the basis of central planning
Why does the price of Silver change on a daily basis?
The price of silver can fluctuate by up to 37pence a daily basis, depending on how the market is. If silver is selling for a,lot the demand is high so the price paid will be higher, whereas if silver is selling for less then the demand is lower so the price paid reflects this.
How much control do the Coca-Cola company have on its price product?
100%, however, they have to compete for their share of the market.
What is non price competition?
Non Price Competition is where a company compete against it's competitors by providing an unique niche, higher quality of service or efficiency
