Identify whether or not your market is contributing

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Reference no: EM133222617

Question: i. In what unit is Dior generally measured and priced (one unit, one hour, etc)?

ii. What other contextual information is important in Dior?

Work to understand the mind-frame of the consumers representing the demand curve within Dior. Specifically identify:

iii. What are the major substitutes and complements impacting their decision-making?

iv. Is their price elasticity of demand inelastic or elastic? Explain

v. What is the income elasticity of your industry? Explain

vi. What are the significant inputs which impact the supply curve within your industry?

vii. Identify whether or not your market is contributing to any market failures (market power, externalities, public goods, information issues) or failure of markets (morality, equity, consumer sovereignty). Is the government directly involved in addressing any of these issues?

Reference no: EM133222617

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