The Types Of Market, Monopolistic Competition, Oligopoly,...

The assignment for this week was to review the video which discusses the four types of markets: perfect competition, monopolistic competition, oligopoly, and monopoly. In order to review this effectively there must be an understanding of the terms. According to our text, perfect competition involves products competing clients and that they offer corporations less potential profits than imperfectly competitive markets do. (Bryd, Hickman and McPheson, ) The text also referenced imperfect competition and this is when entry is restricted or goods are differentiated. (Bryd, Hickman and McPheson, ) Monopolistic competition, oligopoly, and monopoly according to research are deemed as imperfect competition. Monopolistic competition is considered imperfect because there are a lot of producers sell products that are distinquished from each other and there are not feasible substitutes. The oligopoly is a when there are many small companied that take up a large part of the market share . It is close to a monopoly but it is more than one company. A monopoly is normally one company that controls almost all of the market. In reviewing the video the object of this paper is to identify at least two articles that highlight and discuss two of the biggest challenges facing financial managers today in these varied market structures. The two challenges reviewed were the ability to staying in tune with market and cash flow and financial management. Due to the ever changing marketShow MoreRelatedTypes of Competition1000 Words   |  4 Pagesmajor types of market structure: monopoly, oligopoly, monopolistic competition, and perfect competition. Although the list of market structures can be virtually unlimited, these four types are considered to be the basis for understanding the principles of market performance in different market conditions. Each of the four types of market structures possesses its benefits and drawbacks. In any of these markets, an entrepreneur can develop a strategy appropriate for conquering a part of the market nicheRead MoreThe Types Of Market Structures1640 Words   |  7 PagesA market structure is where the physical characteristics of the market, where firms interact (). Market structures can highlight the criteria of firms, and express the barriers that they may face with entering. There are four types of competition across various market structures. The types of competition are perfect competition, monopolistic competition, oligopoly, and monopoly. Each types of market structures are a direct reflection of the current economic market state. When a company assessesRead MoreDifferent Types Of Market Structures1413 Words   |  6 PagesMarket Structures A market is defined as an institution that brings together buyers (demanders) and sellers (suppliers) of a particular good or service. A Market structure is the relationship among the buyers and sellers of a market and how prices are determined through outside influences. There are four different types of market structures. Two on opposite extremes, and two comfortably in the middle. On one end is perfect competition, which acts as a starting point in price and output determinationRead MoreAn explanation of monopoly, oligopoly, perfect competition, and monopolistic competition - a detailed overview946 Words   |  4 PagesThe Australian market is a diverse economic ocean - it has different species of marine life (industries), different swells (market structure) and even hot and cold spots (public companies). One of the key determinates to a successful national economy is the structure of its markets. The main market structures are: 1. Monopoly 2. Oligopoly 3. Perfect Competition 4. Monopolistic Competition Each of these market structures have unique characteristics, and can be classified according to threeRead MoreMarket Structure Of The Company Essay1088 Words   |  5 PagesMarket Structure Introduction There are four types of market structures and they are monopoly, perfect competition, monopolistic competition, and oligopoly. What is a market structure? A market structure is â€Å"the makeup of the companies operating in a particular market.† Why is the market structure important to the producer as well as the consumer? It distinguishes the difference in seller numbers, buyer numbers, seller entry barriers, and buyer entry barriers. The main differences in market structuresRead MoreMarket Structures Of The Market1198 Words   |  5 PagesINTRODUCTION Market Structures are classified in term of the presence or absence of competition. When competition is absent, the market is said to be concentrated. There is a spectrum, from perfect competition to pure monopoly. Market structure is the physical characteristics of the market within which firms interact. It involves the number of firms in the market and the barriers to entry. Perfect competition, with an infinite number of firms, and monopoly, with a single firm, are polar oppositesRead MoreMonopolies, Oligopoly, Monopolistic Competition, And Perfect Competition1085 Words   |  5 PagesMonopolies When understanding the different types f structures it is important to know the different types of markets that there are. Understanding barriers, buyers and sellers with knowing the market share and competition is important to understand what barriers are occurring in the market. The different market structures are Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition. Understanding these different type of market structures helps to better understand what type of marketRead MoreEssay on Four Market Structures in Australia865 Words   |  4 PagesIndividual Essay Four Market Structures in Australia. NAME: LKHAGVASUREN KHURELBAATAR ID: EMV 20110 ------------------------------------------------- Individual Essay Four Market Structures in Australia. Introduction Market structure reflects all the most important aspects of the market - the number of firms in the industry, the type of product produced, the possibility to enter and exit of firms, number of customers, the ability of a single firm to influence the market price. The lowerRead MoreThe Market Structures, Monopolistic Competition, Oligopoly And Monopoly1507 Words   |  7 PagesIntroduction A market is a dynamic and restless institution where commercial dealing between buyers and sellers takes place. There are many companies and businesses that run the market. According to how the firm functions and other factors like the number of competitor firms and the type of products produced, the firm is classified into a particular market structure. The other competing firms in the market structure affect the pricing strategies of a particular firm in the same industry. Based onRead MoreClassification of Market Structure and Its Importance1552 Words   |  7 Pages CLASSIFICATION OF MARKET STRUTURE AND ITS IMPORTANCE INTRODUCTION In an economy, goods and services are produced for the ultimate satisfaction of the consumers. Therefore, all finished goods and services must be sold to the consumers. The process of exchange of these goods is essential. Thus, market is such a place where buyers and sellers gather in order to buy and sell a particular good or commodity. The term market refers not necessarily to a place but always to a commodity

The Reality of Reality Television - 591 Words

The Reality of Reality TV Nowadays Reality TV shows are everywhere! There are so many shows from so many topics on mostly every channel. As of lately, reality shows have been topping the charts and dominating the screens. A majority of the shows are violent and inappropriate for the general audience. Shows like â€Å"Jersey Shore†, â€Å"The Real World†, and â€Å"Real Housewives† have popularized them and gained many viewers around the world; viewers that are made up, predominately of teenagers. Reality TV shows have become an essential part of our lives and entertainment. In the article, â€Å"Reality TVs effect on teens†, Hope Skeen argues that teens of this generation are being negatively influenced by watching abundant amounts of TV. I strongly agree with Mrs. Skeen because teens are being exposed to violence, sex, drugs, and explicit language at younger ages, causing our culture to downgrade. To start off with, Reality shows are brainwashing the mind s of the youth. According to Wikipedia, a reality TV show is a genre of television programming that documents unscripted situations and actual occurrences. But most of todays shows are scripted and edited for entertainment purposes, so when one interprets them as â€Å"reality†, the viewer’s mind, point of views, and actions are affected greatly. Skeen states in her article, â€Å"As a society we have idolized being famous and having a lot of money. Everybody seems to strive to be in the limelight, even if its just for a short amount of time.Show MoreRelatedThe Reality Of Reality Television936 Words   |  4 PagesThe reality show phenomenon Have you ever wondered what attracts millions of Americans each week to watch this cultural phenomenon know as reality television? It first started in 1948 when Allen Funt created a TV series called Candid Camera, this is the first known reality television show series. â€Å"Reality television episodes have increased up to 57% of all television shows that can be found on your TV guides† (Shocking). Big Brother was one of the first successful and most viewed reality televisionRead MoreThe Reality Of Reality Television882 Words   |  4 Pages What is it about these reality shows such as: Keeping Up with the Kardashians, Bad Girls Club, and The Real Housewives that we cannot stop watching? After watching reality shows like this, it leaves people craving the next episode of the next week. Reality television producers are exploiting people by giving the public a â€Å"sense† of reality but not the real version of it, but rather exploit people and use stereotypes to make money for entertainment. The specific points of this argumentRead MoreThe Reality of Reality Television1699 Words   |  7 PagesThe Reality of Reality Television Jacqueline Knudsen ENG122: English Composition II Jenna Fussell February 2, 2013 The Reality of Reality Television Have you ever set there watching your favorite reality television show and wondered what effects it could have on you, your family or your friends? Truth is most people do not think about the effects television shows can have before watching them or allowing their children to watch them. ThisRead MoreThe Reality Of Reality Television927 Words   |  4 PagesBehind the Reality of Reality TV There are many different opinions when the subject of reality television is discussed. Although reality television shows are thought to be negative they really are just mindless entertainment. Many can argue that these shows are misleading and disturbing. On the other side of this, people merely use these shows for entertainment and allow people to forget about stress in their lives. The cause of these different opinions is a result of different age, gender, religionRead MoreThe Reality Of Reality Television1511 Words   |  7 PagesReality TV is defined as television programs in which real people are continuously filmed, designed to be entertaining rather than informative.(Dictionary) As we all know, in today s world we are presented with numerous Reality TV Show such as Keeping up With the Kardashians, Basket wives and The Real Housewives of Miami. These shows give a false message to their viewers of what is reality and what is purely entertainment. Many reality programs create an artificial environment for the show thatRead MoreThe Reality Of Reality Television1499 Words   |  6 PagesAgainst Reality TV For close to a decade, the ethics behind the existence of reality TV have been questioned. While there are ardent viewers of reality TV, researchers and other scholars disapprove them, and claim that the world would have been in a better place. Reality TV shows, especially in America, are extremely profitable to media owners, and this has increased their popularity in the recent years. The main target audience for these shows are teenagers and women, who spend a lot of time discussingRead MoreThe Reality Of Reality Television991 Words   |  4 PagesWe see content on television every day either to see the news, watch a movie, series or any program we would like to watch. Television give us a different and visually perfect way of entertainment. Reality television is a genre of television which seems to be unscripted showing actions of â€Å"real life†. The viewer sees the reality shows for entertainment but neither the pressure, competitiveness nor loneliness that lives in imagines. To be real -time and people- admiration from viewers, thinking thatRead MoreThe Reality Of Reality Television Essay1287 Words   |  6 PagesReality television is now one of the most consumed television genres broadcasted to the general public. Reality television has become more about mindless watching and creating the most unrealistic environment possible, rather than creating a show for an important purpose. Today, shows like Beauty and the Geek, Big Brother, and every other reality show fit into this mold, but when viewed critically lessons appear. In the case of TV today, reality shows depict an altered reality because of the unrealisticRead MoreThe Reality Of Reality Television Essay1973 Words   |  8 PagesIntroduction Reality television has turned into a noteworthy piece of our way of life. The shows are described to be fun, engaging and acquaint society with new points of view. In the wake of a monotonous day at work, it s decent to return home and watch something careless on television, while unwinding. While the debate that violence in the media is making for a brutal culture has been made a million times, sometime recently, I am striving to make an alternate relationship. As we are aware, theRead MoreReality Television : Is It Reality?849 Words   |  4 PagesIs it Reality? Pop culture is popular culture that dominates a society at a point in time. Today, reality television is a part of the society’s popular culture (Johnson 289). The question is why? Reality television is a genre of television programming that focuses on members of the public living in conditions made by the creator, and displays how people are intended to behave in everyday life (Johnson 290). Reality television is debasing and should be strictly controlled, if not banned altogether

To Kill a Mockingbird-Mayellas Motives for Accusing Tom Free Essays

In the novel To Kill a Mockingbird by Harper Lee there is a recurring them involving racism and incest in the town of Maycomb, Alabama during the 1930’s. Mayella Ewell is a nineteen year old girl living at home with her abusive drunk father, and 8 younger brothers and sisters. Her mother died thus leaving her to be the mother figure in the poor household. We will write a custom essay sample on To Kill a Mockingbird-Mayellas Motives for Accusing Tom or any similar topic only for you Order Now Mayella accuses twenty-five year old black man Tom Robinson of raping her. Mayella had multiple motives for falsely accusing Tom Robinson of her rape. Mayella accused Tom because she was forced to by her father, Bob Ewell and because that man is her father. It is made very clear during the trial that it was not Tom Robinson who raped Mayella Ewell, but instead her own father. She blamed Robinson because she was evidently coersed by Bob Ewell. In Tom’s testimony he spoke of Mayella’s actions before Bob Ewell came in, â€Å"She says she never kissed a man before an’ she might as well kiss a nigger. She says what her papa do to her don’t count† (page 260). When Bob saw Mayella and Tom together being the mean drunk he is he beat and raped Mayella. In anger, he knew someone would have to pay for what he saw going on between Tom and Mayella. It was not hard to convince people in a town like Maycomb that Tom was guilty. He was black, he had a criminal record known to the citizens of Maycomb since it was such a small town, and he lived in the same neighborhood as the Ewells. People had most likely seen Tom entering the Ewell home because on more than one occasion, Mayella asked Tom to come in and help do some work around the house. â€Å"She’d call me in, suh. Seemed like every time I passed yonder she’d have some little somethin’ for me to do† (page 56). Mayella was coursed by her own father to accuse Tom because Tom was such an easy target to cover up her father’s actions. Mayella falsely accused Tom Robinson for another reason too. For the most part, victims love their abusers. Mayella is the victim and Bob Ewell is the abuser. Bob Ewell does not do anything productive but regardless he is still Mayella’s provider of many things like a home. Mayella, after being coersed by her father would much rather come off as the victim of abuse my some ‘evil’ black man than her father. â€Å"That nigger yonder took advantage of me an’ if you fine fancy gentlemen don’t wanta do nothin’ about it then ou’re all yellow stinkin’ cowards, stinkin’ cowards, the lot of you† (page 251). Mayella was the one who initiated the incident too so instead of taking responsibility for it she would rather put the blame on a black man who would of course not even have a chance in court. Mayella accused Tom Robinson for rape when in reality it was Bob Ewell, her father. She did this because her father made her do it and because she would much rather blame the black man than admit that she came onto him and that it was actually her father that beat and raped her. How to cite To Kill a Mockingbird-Mayellas Motives for Accusing Tom, Essay examples

Business Enterprise Operational Process-Free-Samples for Students

Question: Despite even our best efforts to accurately gather and interpret information, none of us has perfect perception. Instead, a variety of factors limit our ability to gather and process information and make accurate judgements. Discuss the factors that limit and distort our Perception and Contribute to bias. What can Individuals and Organisations do to overcome this? Answer: Introduction: The possible interferences of information and its current elucidation has been evaluated in the following study. It will help the management of organization in recognizing the factors that will assist in existing discrepancy prevention that is prevailing in organization. Nonetheless, there will be development of biasness and data distortions if data are misinterpreted. Distribution process, manufacturing process and marketing are assisted by appropriate interpretation of data (Alfonso et al. 2013). However, the process of interpreting the data in an organization is hampered by factors such as perception and trends of market. The development of business entity organizational process requires interpreting the authentic market information. It is required to conduct an in depth market analysis for having unbiased interpretation of market data. This would assist the business in achieving their objectives and attainment of pre-determined goals. Hence, the factors influencing the business e ntities operational process is necessary to be recognized. The organization market demand is considerably affected by some threats and in the long run, business needs to develop appropriate strategies for overcoming such threats (Carmeli et al. 2017). The procedures of interpreting and gathering data are influenced by strategies development that involves advanced technology mechanism interpretation. Discussion: The process of decision-making is a crucial part of business enterprise management and data gathering and its interpretation forms considerable part of it. Nonetheless, the decision making process of an organization is affected by different factors. Such factors comprise of preferences and buying behavior of consumers along with external market conditions vulnerability. Furthermore, the management of business entity is impacted by factors affecting the decision making process. Therefore, for overcoming the threats arising from external market conditions and other factors, it becomes important for organization to have the factor determination. For sales and revenue forecasting, management of organization should appropriately interpret the market information (Ott et al. 2015). Identification of attributes affecting business enterprise operational process is essential. Some factors cannot be controlled by management such as external market conditions that needs to be taken into consideration while designing the strategies for data interpretation. Such factors also influence the buying behavior and preferences pattern of consumers. These factors involve buyers purchasing power and economic condition of any particular region. Therefore, organization needs to appropriately gather and interpret data by overcoming factors or threats that create any hindrances in their interpretation. The process of making decision in an organization are hindered by the following factors and they are as follows: Nature of segment of business- The process of interpreting data are significantly impacted by nature of segment in which business are operating. Biasness among employees is created if the information are distorted. Process of gathering data is easier in some industries and it is required by organization, analyze, judge, and interpret the information in a way that would help in accurately forecasting the behaviors of consumers and facilitate growth of organization. In order to remove or prevent any biasness among employees in organization, the information collected needs to be interpreted and judged with open mind (Macintosh and Krush 2014). Therefore, assisting the business for operating in their particular segments requires them to make appropriate business policies. Market trends- Properly interpreting the trend of market facilitates the organizational growth and this would assist business in responding to forecast the trend. Nonetheless, the prices of interpreting the data would be hampered by rapidly changing environment. Perception- Perception is defined by the attitude of customers toward brand and their image. Some of the perceiving factors include motives, attitudes and buyers interest. Attribution theory is regarded as perception theory that relates to self-serving bias. Absolute information interpretation can be developed by theories that would enable the business in development. The business enterprise operational policies is affected by the perception of customers about the brand value and image of organizations. There exist a direct link between the decision making process of individual and their perception. Factor affecting the business operational process needs to ascertain for proper data interpretation (Blbl 2014). It becomes of utmost important to identify the factors influencing the interpretation of data that would pose threat to achieving organizational sustainable and growth. Attributes of external environment- Factors that are beyond the control of organization is external environment conditions. The market condition in which the organization is operating and the data pertaining to market trend should be appropriately collected. Sales revenue of any organization is affected by some macro environment factors such as unemployment and inflation. For facilitating the better decision-making, it is essential for organization to overcome factors and conducting through analysis of market conditions (Sonka et al. 2014). Definite objectives and goals- The objectives and goals in an organization can be properly executed and facilitated clearly establishing the objectives and goals. Therefore, it becomes essential for organization to define their objectives and goals properly. The potential threats affecting the operations and future growth of business are impacted by overcoming of the pertinent threats faced by organizations in achieving sustainable growth and development. In order for organization to gather pertinent information from buyers, it is required to have the following steps: Communication channels- For ensuring proper communication flow from top level management to lower level management, it is essential for organization to develop and adopt to proper channel of communication. Following proper communication channel will help the management in creating balance between different departments and development of coordination in business entity. Identification of the factors ensuring proper communication channel will help in contributing towards the sustainability of business. Source- It is essential for organization make the identification of authentic information source for accurately interpreting the information. In some case, it becomes impossible for organization to identify accurate information source. The management of business entity can come with mixed opinions and interpretation about the gathered information and data of consumers. The procedures of effectively interpreting the data cannot be facilitated by gathering of enough data having mixed opinions resulting in gaining sustainability in competitive advantage. There is need to depict the proper and authentic source of information. In order to have effective buyers decision, it is essential for business to recognize the proper and authentic information source (Yoshikawa et al. 2017). Nonetheless, for gathering information related to buyers there certain obstacles faced by organization. Therefore, for dealing with various factors creating threat to business, there is a need to substantial inves tment in research and development for maintaining sustainable business operations. Factors identification- Business enterprise needs to recognize several factors that would influence their operational policies. Such factors can be listed down as availability of substitutes products, traditions and local culture. There are external influences that have impact on ever changing market environment. Some of the influential factors relates to changes in external environment and changing market conditions. It is required by organization to have proper assistance from professionals equipped with market knowledge for determination and identification of factors. This would assist the organization in achieving their organizational goals and taking decisions appropriately as per the prevailing market conditions. A trusted source is required to gather the information that would help in maintaining business sustainability. The interpretation of actual collected data is reliable on the factors leading to misleading and misappropriate information (Bratu 2015). It can be said that organization should frame decisions as per their business goals and market conditions. Data gathering and collection- The process of decision-making involves collection and gathering of data that would assist the business in achieving their objectives and their long-term goals. Business are able to take appropriate business decisions by eliminating discrepancies in collecting process of data. Company while analyzing the data that is primary and secondary collects that forms the two types. Primary source of collecting data is generated directly from the field of enquiry and the interviews gathers data either by conducting an interview with customers and market experts. Collecting data from primary source enables the business enterprise in gathering of valuable information from various sections of society. Secondary source of information also provides relevant information if data is collected from appropriate sources (Harvey et al. 2017). The decision making process of organization is significantly influenced by the type of information gathered and their source. Their in terpretation should be in a way that are aligned with the business goals and objectives. Gathering of data would positively impact the decision making process of organization (De Clercq et al. 2016). Mission, purpose and organizations vision- The process of operation of organization can be framed by considering their purpose, vision and mission. This would enable business interpret the information according to goals and organizational needs and formulating it for attainment of objectives. Interpreting the information- Two stages process is involved in information gathering. It is required by business entity to appropriately analyze the information gather from various source to interpret it correctly according to the needs and objective of business. The business entity is enabled by filtering of data to collect the proper data according to organizations need. Business would be able to achieve sustainability and growth. Smoother communication in an organization would be ensured by application of advanced technology mechanisms that would assist the business in appropriately interpreting the information that is collected from authentic source. Therefore, it can be said that interpretation of information is of crucial importance while formulating and taking business decisions. Appropriately interpreting the information gathered by relevant and authentic source is essential for adopting a proper process for decisions making in organization (Lam et al. 2016). Feedback of customers- The development of procedures of gathering data requires gathering necessary information from authentic source. As such, business entities would be assisted by the views gathered from their customers in overcoming hindrances that would have an impact on organizational operational policies. Therefore, the business would be assisted in getting suitable and appropriate information about the feedback of customers and their competitors and interpreting them by aligning to their organizational objectives. Information gathered from customers of reliable base is of vital importance and essential to organization. If the organization is not able to rightly analyze the information gathered from customer feedback, the information generated is worthless. New approaches in organization and changes can be made by doing something more than collected data that is performing the proper analysis of information gathered from feedback of customers. Organizations are required to ide ntify the root cause analysis of customer feedback that helps in driving the loyalty of customers (Rose et al. 2014). Alternative strategies- If the existing and prevailing operational policies of organization cannot overcome other factors creating hindrance in appropriately interpreting the collected data, it is essential for organization to have alternative strategies. The business strategies of organization van be recovered by implementation of technology advanced mechanisms and incorporating various alternative procedures involving innovation. For instance, organization following the trend strategy helps in the identification of trend that is driving change in industry. Organization is required to make the strategic analysis of information gathered by incorporating various elements in the strategies (Cheung 2013). Conclusion: For setting up the operational and marketing process of organization, interpretation the information have very important role. Nonetheless, various attributes restrict the interpretation of data such as business entity economic conditions. The market conditions of business can be enhanced by adoption and development of business policies that are transparent and fair. Threats faced by organization in dealing with that interpretation can be overcome by alternative resource development that would help in meeting the goals and attaining the objectives of organization by execution of business functionalities. The data can be filtered and information can be filtered as per the needs of market by adopting the technologically advanced mechanisms. An appropriate market data can be obtained by business by development of proper perception. The procedures of interpreting data in an organization can be framed by considering the primary attribute that is market trends. It has to be ensured by mana gement of organizations that prior to interpretation if information there is not any pre conceived notions or biasness. References: Alfonso, L., Zenasni, F., Hodzic, S. and Ripoll, P., 2016. 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Relationship between Servant Leadership and Organizational Citizenship Behaviors: Review of Literature and Future Research Directions.Journal of Marketing Management,5(1). Lam, C.F., Wan, W.H. and Roussin, C.J., 2016. Going the extra mile and feeling energized: An enrichment perspective of organizational citizenship behaviors.Journal of Applied Psychology,101(3), p.379. Macintosh, G. and Krush, M., 2014. Examining the link between salesperson networking behaviors, job satisfaction, and organizational commitment: Does gender matter?.Journal of Business Research,67(12), pp.2628-2635. Mai, K.M., Ellis, A.P., Christian, J.S. and Porter, C.O., 2016. Examining the effects of turnover intentions on organizational citizenship behaviors and deviance behaviors: A psychological contract approach.Journal of Applied Psychology,101(8), p.1067. Ott, R.L. and Longnecker, M.T., 2015.An introduction to statistical methods and data analysis. Nelson Education. Rose, K., Miller, M.T. and Kacirek, K., 2016. ORGANIZATIONAL CITIZENSHIP BEHAVIOR IN HIGHER EDUCATION: EXAMINING THE RELATIONSHIPS BETWEEN BEHAVIORS AND INSTITUTIONAL PERFORMANCE.AMERICAN ASSOCIATION OF UNIVERSITY ADMINISTRATORS,31(1), pp.14-27. Sonka, M., Hlavac, V. and Boyle, R., 2014.Image processing, analysis, and machine vision. Cengage Learning. Woodward, M., 2013.Epidemiology: study design and data analysis. CRC press. Yoshikawa, T. and Hu, H.W., 2017. Organizational citizenship behaviors of directors: an integrated framework of director role-identity and boardroom structure.Journal of Business Ethics,143(1), pp.99-109.