Purchase Solution

Competition

Not what you're looking for?

Ask Custom Question

Suppose you ran the only bakery in town. Further suppose that it was currently very profitable.

A. What things might you consider if you wanted to ensure that you continued to enjoy the same success in the future?
B. What might you do to head off competition?

Purchase this Solution
Solution Summary

Competition is discussed in this solution.

Solution Preview

Apart from regularly innovating my product line and selling high quality bakery products to my customers on a ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
  • "Thanks"
  • "Thanks"
  • "Very good! "
  • "thanks"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Pure competition, pure monopoly, monopolistic competition, and oligopoly

    125271 Pure competition, pure monopoly, monopolistic competition, and oligopoly Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly.

  • Disucssion on Interspecific Competition

    Name other type of interspecific competition besides exploitative and interference competition. Describe an example of this type of interspecific competition. Interspecific competition is the competition between different species.

  • species competition

    interspecific contest competition d. intraspecific contest competition e. density-independent competition The answer is (b). It is within the same species (intraspecific) and is a scramble competition as the resource is inadequate for all.

  • Competitive Markets: Identifying them

    The four forms of competition are: - monopolistic competition - pure competition - oligopoly - monopoly Also consider how would identifying the type of competitive market be useful to a business?

  • Using Non-Price Competition

    443526 Using Non-Price Competition What is â??non-price competition?â?? Why would any seller use this form of competition? Is the use of this form of competition costless to the user?

  • Handling competitive situations in the workplace

    Based on our free society and the level of quality of living that a person would like to achieve, how do you approach work place competition when it is "good" "friendly" competition and when it is "not good" and almost "evil" competition?

  • Competition: Good or Bad?

    As within all business, unless a similar product is not development, competition is inevitable. Furthermore, competition is essential for all businesses.

  • Competition among students

    These types of competition can teach them about competition but instead of in the negativity of the workplace and the real world, competition in a healthy and positive environment. I hope that this information is helpful.

  • Distinctions between perfect and monopolistic competition

    160152 "In the long run, there is no difference between monopolistic competition and perfect competition." True, false, or ambiguous? "In the long run, there is no difference between monopolistic competition and perfect competition."

  • Describe competition for business.

    449621 Describe competition for business.

View More Related Solutions