Mirco Mod 5 Slp

Mary Baldwin Module 5 SLP Trident University 12/15/12 1. What guinea pig of grocery store do you think your licence operates ( dead emulous, monopoly, monopolistically private-enterprise(a), oligopoly)? What be the particularized characteristics that make it this type of household? CiCis pizza pie operates as a suddenly competitive business. The definition of suddenly competitive is characterized by m some(prenominal) buyers and sellers, galore(postnominal) products that are similar in nature and, as a result, m whatever substitutes. Perfect emulation means in that respect are few, if any, barriers to entry for new companies, and prices are determined by supply and demand. Thus, producers in a perfectly competitive market are subject to the prices determined by the market and do not have any leverage. (Economics basics: Monopolies, Oligopolies and Perfect emulation ) CiCis falls into this category because it sells a product that has many competitors, which mean s many substitutes. Companies like pizza hutch, Hungry Howies, and local anaesthetic family owned businesses all run pizza and salad buffets around the resembling price per person. With so many options for customers to split from; CiCis has to be very aware of pricing (since nearly large pattern are price takers and destiny the best deals), tastes of the region, and divine armed service provided to their customers. 2.

What type of competition does your firm face? Who are roughly competitors? (even if you said your firm is a monopoly, think of some substitutes) Competitors for CiCis pizza would be Pi zza shack, Hungry Howies, or any other loca! l pizza buffet. These firms are all perfectly competitive because they can substitute for one another. Though, many raft would agree that they taste very different (in my opinion, Pizza Hut has a monopoly with those bread sticks because no one else has recreated them just healthy!). But tastes aside, each of these businesses offer pizza and salad buffets under $10.00 per person, making them very similar and interchangeable. 3. How do you think your firm can...If you postulate to get a full essay, order it on our website: OrderCustomPaper.com

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