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Managerial Analysis

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You are the manager of a small US firm that sells nails in a competitive US market (the nails you sell are a standardized commodity; stores view your nails as identical to those available from hundreds of other firms). You are concerned about two events you recently learned about through trade publications: 1) the overall market supply of nails will decrease by 2%, due to exit by foreign competitors; and 2) due to a growing US economy , the overall market demand for nails will increase by 2%. Based on this information, should you plan to increase or decrease your production of nails? Explain.

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Solution Summary

Solution discusses whether it is advisable to increase the production in the given case.

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Decrease in supply and increase in demand will create shortage in the market. This will push the ...

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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