Preview

Week 4 Differentiating Between Market Structures

Satisfactory Essays
Open Document
Open Document
386 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Week 4 Differentiating Between Market Structures
Differentiating Between
Market Structures
Joshua Konieczka
Eco/365
June 8, 2015
Dennis McGuckian

Apple, Inc. Info

 Founded in 1976 by Steve Jobs, Steve Wozniak, and
Ronald Wayne
 Originally produced just computers and software
 Expanded into mobile devices (iPod, iPad, iPhone)

Monopolistic Competition or
Oligopoly
 Monopolistic Competition- a market structure in which there are few barriers for entry and there are many buyers and sellers of different products
 Oligopoly- a market structure in which there are few firms and firms take the response of other firms into account Smartphone- Monopolistic
Competitive
 Many competing firms in the SmartPhone market
 All products are differentiated
 Samsung, Sony-Ericsson, HTC, Nokia, are just a few of the brands of Smartphones

Mobile OS- Oligopoly
 3 main firms in mobile operating system market
 Android OS (Google)
 Windows (Microsoft)
 iOS (Apple)

 All firm decisions are influenced by the others
 iOS and iPhone are only available together- competitive advantage Entry Level Devices

 To appeal to a larger consumer base
 Profit is still high (only costs approx $250 to create an iPhone)  Lower price- higher quantity demanded

Distribution- Mobile Companies

 AT&T and Verizon- Large Cellular companies for the higher end phones
 T-Mobile and Sprint- Smaller cellular companies for the lower end phones
 Allows Apple to provide options for consumers Competitive Advantage- The Apple
Ecosystem
 Apple has a distinct advantage in having an already established ecosystem
 Apple TV, iPods, iPhone, iPads, and Mac PCs
 Run from a single marketplace- iTunes
 Offers an advantage over other OS firms since having one Apple device offers a greater advantage by going with more Apple products

Staying Ahead- Competitive
Advantage
 Apple is two years ahead of the competition
 Apple spent $1.18 billion on Research and Development in 2013
 Innovative technology appeals to all consumers

Conclusion


References: 6 reasons why Apple is so successful. (2014, May). Time.com, (), . Retrieved from http://techland.time.com/2012/05/07/six-reasons-why-apple-is-successful/ Colander, D. C. (2013). Microeconomics (9th ed.). New York, NY: McGraw-Hills/Irwin. Spendy but indispensable: Breaking down the full $650 cost of the iPhone 5 (2013, July). Digital Trends, (), . Retrieved from http://www.digitaltrends.com/mobile/iphone-cost-what-apple-is-paying/ What Apple Must Do To Survive. (2014). Retrieved from http://What Apple Must Do To Survive Apple Gazette. (2014.). Retrieved from http://www.applegazette.com/opinion/what-apple-must-doto-survive/
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Differentiating Between Market Structures in Kudler
    • 1030 Words
    • 5 Pages

    Differentiating Between Market Structures in Kudler

    “Kudler Fine Foods was established in 1998 when Kathy Kudler fulfilled her vision of establishing her own gourmet food store. The La Jolla store continues to grow while the Del Mar store has been having some difficulties. The store in Encinitas has just opened, but sales seem brisk.” (Apollo, 2011, Strategic Plan, p. 3) The owner works 7 days a week and performs many jobs from purchasing to stocking shelves. Kudler Fine Foods sees itself outside of competition.…

    • 1030 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    Eco 365 Uop Differentiating Between Market Structures Essay Example
    • 1036 Words
    • 5 Pages

    Eco 365 Uop Differentiating Between Market Structures Essay Example

    Kudler Fine Foods is the brain child of Kathy Kudler. She envisioned a one stop gourmet food store and has grown to three locations to date. She continues to maintain direct control over large bulk purchase order items, stringent customer service policies, and hiring. This paper discusses how the organization competes in the marketplace and the strengths and weaknesses of the company according to the marketing surveys their customers completed. The following also discusses which market structure best applies to the organization and how that structure positively and negatively affects the firm, how the effectiveness of the competitive strategies in the market structure affect the organization’s long-term profitability, and what competitive strategy recommendations may be made.…

    • 1036 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    Differentiating Between Market Structures Paper on Kudler Fine Foods Essay Example
    • 1078 Words
    • 5 Pages

    Differentiating Between Market Structures Paper on Kudler Fine Foods Essay Example

    The analysis will apply important microeconomic concepts toward the competitive strategies of the Kudler Fine Food Virtual Organization, which affect its long-term profitability. The analysis will evaluate the differences between market structures and review the organization’s strategic plan, marketing overview, market surveys, and other material to evaluate the organization’s competitiveness in the marketplace, including its customers’ views. The analysis will identify the market structure that best applies to the organization, and assess how the market structure positively and negatively affects the firm’s long-term profitability. The analysis will perform a market analysis, reviewing competitive strategies, and make recommendations on how the firm can maximize profits.…

    • 1078 Words
    • 5 Pages
    Better Essays
    Read More
  • Powerful Essays

    Eco 365 Week 2 Differentiating Market Structure Research Paper
    • 1494 Words
    • 6 Pages

    Eco 365 Week 2 Differentiating Market Structure Research Paper

    Within the world of marketing, there are different advantages which will determine how the product market shall operate. The overall objectives for any company or organization is to supply a product which consumers will constantly demand. As consumer products are produced, competition amongst products organizations will occur. This article will explain the differentiation of market structure and the proprietors it entails.…

    • 1494 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    ECO 365 week 4 Differentiating Between Market structures
    • 1201 Words
    • 4 Pages

    ECO 365 week 4 Differentiating Between Market structures

    A monopoly is a situation in which there is a single producer or seller of a product for which there are not close substitutes. The most common example of a natural monopoly would be an Electric (power) company. Power companies are characterized by very large costs for their infrastructure making it inefficient to have more than a single firm in a region because of the high cost of duplicating facilities needed to (Colander, 2013).…

    • 1201 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    QNT 561_Week 6_A Decision of Uncertainty
    • 2203 Words
    • 9 Pages

    QNT 561_Week 6_A Decision of Uncertainty

    The high cost of the iPhone 5 has brought it to “rock star” status for many in the Smartphone world and considered a sign of wealth although consumers typically do not pay cash, sign a contract, and basically pay with credit. Other factors contributing to demand is perceived quality of Apple products and the availability and price of competing products. This September a new gadget was released though it was not completely new. Apple released the iPhone 5c. The phone boasts a few fun changes, most notably a choice of colors that were previously unavailable and a…

    • 2203 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Organization and Market Structure
    • 508 Words
    • 3 Pages

    Organization and Market Structure

    You will apply important microeconomics concepts toward the competitive strategies of the Kudler Fine Food Virtual Organization that affect its long-term profitability. You will evaluate the differences between market structures and review the organization’s strategic plan, marketing overview, market surveys, and other material to evaluate the organization’s competitiveness in the marketplace, including its customers’ views. In the process, you will identify the market structure that you believe best applies to this organization, and assess how the market structure positively and negatively affects the firm’s long-term profitability.…

    • 508 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Differentiating Bewteen Market Structures
    • 1637 Words
    • 7 Pages

    Differentiating Bewteen Market Structures

    Kowitt, B. (2010, August 23). Inside the secret world of Trader Joe 's - Full Version. Retrieved from http://money.cnn.com…

    • 1637 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Better Essays

    Market Conditions and Competitive Analysis ECO/365
    • 1445 Words
    • 6 Pages

    Market Conditions and Competitive Analysis ECO/365

    AT&T began business back in the 19th century when AT&T became the parent company of Bell System. At the time Bell System held a monopoly in telephone service and was considered to be the best in the world. In 1984 Bell broke into eight different organizations and until 1986 AT&T was part of an integrated telecommunication service. Today AT&T is a global leader in the telecommunications and continues to grow (AT&T, 2013). One of the best technological ideas that helped AT&T stay competitive in the market was the introduction of the Apple iPad. The iPad offers different features and options for different ages, and has become one of the top rated mobile devices available. The iPad is equipped with sound, a variety of applications, is lightweight, equipped with Wi-Fi, and Bluetooth capability. However, the technology industry advances rapidly, and it is necessary for businesses like AT&T to continue to advance to stay competitive. This paper will show the factors that affect supply and demand of the iPad, along with issues and opportunities AT&T will face in regard to competitiveness and profitability and last the best recommendations to maximize profit potential to stay successful in the market.…

    • 1445 Words
    • 6 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    A Differentiating Between Market Structures Table and Questions
    • 281 Words
    • 2 Pages

    A Differentiating Between Market Structures Table and Questions

    1. What is the difference between a public good and a private good? The difference between a public good, and a private good is that a public good is for everyone to use. The public good is provided for all to have use to such as a restroom, or water fountain. Now a private good will be when everyone is still able to use the good, but it can now come at some type of cost. An example here would be a library will charge some to make a fax or copy something. This is the differences between a public and private goods.…

    • 281 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Differentiating Between Market Structures Research Paper
    • 1097 Words
    • 5 Pages

    Differentiating Between Market Structures Research Paper

    Market structure is the state of the market with respect to its competition. There are several different market structures such as perfect competition, monopolies, and oligopoly. An industry consists of all firms making similar or identical products. Economists assume that there are a number of different buyers and sellers in the marketplace (Heakal, 2014). In some industries, there are no substitutes and there is no competition. In a market that has only one or few suppliers of a good or service, the producer(s) can control price, meaning that a consumer does not have choice, cannot maximize his or her total utility and has have very little influence over the price of goods. This will lead to a competition in the market, which allows price to change in response to changes in supply and demand. For almost every product there are substitutes, so if one product becomes too expensive, a buyer can choose a cheaper substitute instead (Heakal, 2014). According to the Fortune Global 500 list Walmart is the biggest private employer in the world with over two million employees. It remains a family owned business controlled by the Walton family, who own over 50 percent of Walmart.…

    • 1097 Words
    • 5 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Differentiating Between Market Structures Paper
    • 241 Words
    • 1 Page

    Differentiating Between Market Structures Paper

    Prepare a table that compares and contrasts the various elements of four different market structures.…

    • 241 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Apple Competitve Strength Assesment
    • 533 Words
    • 3 Pages

    Apple Competitve Strength Assesment

    Weighted Competitive Strength Assessment ( PC Industry) Apple Dell HP Microsoft Importance / Weight Strength Score Strength Score Strength Score Strength Score Key Success Factor Quality/ Product Performance .15 9 1.35 8 1.2 8 1.2 9 1.35 Reputation/ Image .05 8 .4 9 .45 10 .5 10 .5…

    • 533 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Eco 365 Week 3 Current Market Conditions
    • 1804 Words
    • 8 Pages

    Eco 365 Week 3 Current Market Conditions

    When determining the fixed costs of the iPhone 5, key ideas are took into consideration such…

    • 1804 Words
    • 8 Pages
    Better Essays
    Read More
  • Good Essays

    analysing the strategies used by Apple Inc. and Samsung Group
    • 820 Words
    • 3 Pages

    analysing the strategies used by Apple Inc. and Samsung Group

    Apple Inc.’s business strategy is more on differentiation. They wanted to be different from the other mobile phone companies. Apple Inc. wanted a different software and hardware products. This is an advantage for Apple as no other companies have their type of software, their focus is to satisfy customers’ need that no other competitors can do and this leads to allowing them to be able to set a higher price for their product.…

    • 820 Words
    • 3 Pages
    Good Essays
    Read More

Related Topics