HydroPoint Market Trends
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Prepare a 700-word paper in which you describe final recommendations for HydroPoint:
Price
Production
Composition of inputs
Explain your conclusions. Address how each of the following will change or will not change, and why:
Use this website: http://www.hydropoint.com/smart-irrigation/weathertrak-demos.php
And use the attached paper as a reference
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Prepare a 700-word paper in which you describe final recommendations for HydroPoint:
The instructor has asked about the market structure of HydroPoint. The market structure is that of monopolistic competition. The reason is that there are many producers that are selling drip irrigation systems in the market. Each sells products that are differentiated. In other words, each producer claims his irrigation system has special features. Further, each company popularizes its brand name, like HydroPoint. There are no barriers that prevent new entrants from entering the market or leaving the market. HydroPoint has some control over the price it charges.
Price:
As HydroPoint offers excellent drip irrigation system that has special features that prevent clogging, waste of water, or tube degeneration, it is entitled to charge premium prices. Even though the initial cost has been kept high, the per 1000 gallon irrigation cost will be kept low so that the customers of HydroPoint do not suffer from high overheads. HydroPoint will also endeavor to keep the fertilizer or chemical costs at the minimum. .
For an area of 6500 sq feet, the price the sub-surface drip irrigation system will have an initial cost of $1,700 and an installation cost of $1,680. In addition, the rain sensor that is a special ...
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