Reference no: EM131045579
Do three separate paragraph all totaling 500 words, each question will be a paragraph needs to be in three different word page, and needs to be APA format
This week we shall look at Monopolistic Competition. This is where you, as a consumer, spend most of your time. In Monopolistic Competition, there are many companies selling similar but not identical products. Put differently, the goods are close, but not perfect substitutes.
Because of the relative ease of substitution, companies often compete by advertising, services (for stores), brand names, brand loyalty and product differentiation more than by price. Thus, prices of competing products tend to be close, but not identical as they are in Perfect Competition.
Since this market is where you - as a consumer - spend most of your time and a lot of your money, this week you are going to look at this market in action in your daily life. When you go shopping this week, pay close attention to product prices and what information they tell you about how the products compete.
A grocery store is a good example. Look at the soda aisle and by viewing the prices and the product locations on the shelves, which products are close substitutes, sufficiently differentiated that they have brand loyalty (i.e., a higher price), etc. Do the same with canned vegetables. Or undertake the same observational experiment in another type of store you regularly frequent.
Assignment Summary:
Do three separate paragraph all totaling 500 words, each question will be a paragraph needs to be in three different word page, and needs to be APA format
1) Watch the video above and under the YouTube videos for this week, watch videos 7, 3 and 6 - and then the rest for more information.
https://www.youtube.com/watch?v=J_tdZZkRvbg
https://www.youtube.com/watch?v=JxS9rtrsCC4
https://www.youtube.com/watch?v=5c_dBgYMzCQ
https://www.youtube.com/watch?v=9VRxhN7ajcY
2) Then go to a store, as discussed above, and observe. Observation is a well-established method of real world research. It will probably be easier and perhaps more informative if you pick on one product line to observe and observe by brand name. In particular, look for:
a) product prices,
b) product packaging (design, colors, logos, etc.); and,
c) product shelve placement relative to other similar products.
3) Based on what you observe can you identify:
a) which products/brand names compete most closely with each other? Are they placed close to each other on the shelves or far apart?
b) which products/brand names are aimed at cost conscious consumers? Where are these on the store shelves for grocery stores?
c) which are aimed at higher end consumers? Where are these on the store shelves for grocery stores?
d) which products/brand names have a narrower market and command brand loyalty? This one could be tricky to figure out.
4) Share what you find with the class on the discussion board.
What do you think you have learned from this activity?
What have you learned about monopolistic competition?
|
Very favorable report on brown
: Smith was approached by a man who introduced himself as Brown of Brown & Co. Brown was not known to Smith, but Smith asked Dun & Bradstreet for a credit report and obtained a very favorable report on Brown.
|
|
How much longer it takes to byte-swap integers
: Using both your own htonl and (if little-endian hardware is available) the standard library version, run appropriate experiments to determine how much longer it takes to byte-swap integers versus merely copying them.
|
|
Write a paper about earthquakes cause a lot of damage
: Write a paper about Earthquakes cause a lot of damage. This is a research paper and thus MUST BE in Third Person, thus DO NOT USE words such as: I, we, me, you, us, Let's (short for let us) or our in this paper.
|
|
Use xdr and htonl to encode a 1000-element array of integers
: Perform the experiment on a computer for which the native byte order is the same as the network byte order, as well as on a computer for which the native byte order and the network byte order are different.
|
|
What have you learned about monopolistic competition
: What do you think you have learned from this activity - What have you learned about monopolistic competition?
|
|
Packed apples from a producer at hood river
: Anita, a New York dealer, purchased twenty-five barrels of specially graded and packed apples from a producer at Hood River, Oregon. She then resold the apples to Benji under a contract that specified an agreed price on delivery at Benji's place o..
|
|
Advantage of manager inventory chart
: Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?
|
|
Operation and financial cost increase
: Contrarily, the present merged companies showed production decline, operation and financial cost increase .The share price is slipping and bank refused to provide further credit facilities. a) What could be possibly wrong with this mergers based o..
|
|
What compression ratios are you able to achieve
: What compression ratios are you able to achieve? See if you can generate data files for which you can achieve 5:1 or 10:1 compression ratios.
|