Swot Analysis Of Business Competition

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SHUBHANGI VERMA BBA-I (E) 6945 BUSINESS ECONOMICS RESEARCH ASSIGNMENT TABLE OF CONTENTS 1. EXECUTIVE SUMMARY Pg 1 2. OBJECTIVE OF THE STUDY pg 2 3. INTRODUCTION pg 3 4. REVIEW Pg 4 4.1 MARKET 4.2MARKET STRUCTURE 5. PERFECT COMPETITION Pg 4 5.1 CHARACTERISTICS 5.2 RELATIONSHIP BETWEEN THE VARIABLES 6. MONOPOLY…show more content…
In economy such as India it needs to be competitive because it is blooming as a world 's richest economy. In order to give cut throat competition a firm needs to be a dynamic one. the degree of competition varies from industry to industry and firm to firm. As in perfect competition a firm will face high competition and it needs to challenge in order to survive in the competitive economy. And in monopoly form of market there is total control of the industry over the users and can exploit the by buyers by charging almost any price. If there is a monopoly in the market than government may interfere to protect the buyers interest. There are two more kinds of firm that dominate the Indian economy such as, oligopoly and duopoly. Under oligopoly some firms dominate over the industry and under duopoly there are two firms that enjoy the market share most. In monopoly there is restricted entry of the firms as per government and can produce restricted products. Such as defence equipments. This is because these are the areas of protection that cannot be done without the government interference. Hence, these security aided areas are under direct government…show more content…
The seller sell homogeneous at single uniform price. The price is determine not by the firm but by the industry i.e. firm is a price taker. An individual firm cannot influence the prevailing market price of d  CHARACTERISTICS OF THE PERFECT COMPETITION 1. LARGE NUMBR OF BUYERS AND SELLERS There are large number of buyers and sellers and each seller produces an insignificant (very small) proportion of total output of the industry. Similarly, each buyers purchases an insignificant proportion of total output sold in the market. Therefore, no individual seller or buyer is able to influence the market price on it 's own. Market price are determined in the industry by the forces of market demand and market supply. Each firm is price taker and can sell as many as units as it wishes at the given price. 2. FIRM SELL A HOMOGENEOUS PRODUCT It means that buyers treat the product of all the firms in the industry as identical in all the respects - shape, size, colour, quality etc. . The implication of this feature is that since the buyers treat the product as identical, they are not ready to pay the different price for the product of any firm. All the firms have to charge the uniform price for the product. No firm is in position to charge the higher price because if one producer charges higher than the other , no one will buy from him. The price is determined not by the firm but by the
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