Topic: Managerial Economics
choose a company to research on
In your essay you will consider and address the
following points:
(a) What kind of market (Perfect Competition,
Monopolistic Competition, Oligopoly or Monopoly)
the company belongs to?
(b) What is the Price Elasticity of Demand for
the goods that the company sells? Is the demand
elastic or inelastic?
(c) What kind of income elasticity the product(s)
of the company face?
(d) Who are their closest competitors?
(e) Are there any close substitutes or
complements?
(f) Is the demand for the product of your chosen
company growing? Explain why?
(g) Can the labor force of your chosen company be
trained further to increase productivity and
lower cost of production?
(h) As a business is your chosen company
profitable? Will it be able sustain
profitability?
(i) How can it make its profit grow?
(j) Any other relevant factors?