Question

In: Economics

e. Provide two names of your competitors in the foreign country.

e. Provide two names of your competitors in the foreign country.

Solutions

Expert Solution

As we know that,there are three primary types of competition: direct, indirect, and replacement competitors. Direct competitors are the most recognizable variety of competitors, while the most difficult type to identify can be the replacement competitors. Competitor as we know is an organization or country engaged in commercial or economic competition with others.

In perfect competition market structure, oligopoly and monopolistic market competition each and every firm has the competitors. Each and every product faces competition. For example when a product is launched in the market it has to face the competition as well.

If my product is mobile phone (The company is nokia)and if i belong to the India, than i have to face the competition from apple , samsung, Lenovo, HP etc. Nokia's top competitors in mobile devices are Samsung, LG, RIM and Sony Ericsson but in its smart phones, they face competition from Apple and RIM.

Apple in USA and MI in china.

Hope you got the answer.

Thanks!


Related Solutions

Provide three names of the competitors that specialized in contracting and construction in Germany
Provide three names of the competitors that specialized in contracting and construction in Germany
Last names beginning with A-E: Assume that you are the U.S. president and that the country...
Last names beginning with A-E: Assume that you are the U.S. president and that the country is experiencing a recession. What type of fiscal policy would you enact in order to address the recession? Be specific with your policy recommendations. What would happen to equilibrium GDP, inflation, and unemployment as a result of your policy recommendations? Why? Last names beginning with F-J: Assume that you are the U.S. president and that the country is experiencing a high rate of inflation....
According to the Mundell-Fleming’s two country model, a monetary expansion in the foreign country has a...
According to the Mundell-Fleming’s two country model, a monetary expansion in the foreign country has a negative effect on home country’s output (while it has a positive effect on foreign country’s output) under the flexible exchange-rate regime. Explain, with the help of graphs, the channels of interdependence behind this result.
This discussion is focused on selection of a business in a foreign country for your Course...
This discussion is focused on selection of a business in a foreign country for your Course Project. In your post, describe the following. GENERAL MILLS CEREAL What the business does? Why are you interested in researching this business? Stock ticker symbol and stock exchange. What you hope to learn from your research?
Is it ethical to spy on your competitors? Is it legal to spy on your competitors?...
Is it ethical to spy on your competitors? Is it legal to spy on your competitors? How far would you go to find out what competitors are doing?
3. Consider two fictional economies, one called the domestic country and the other the foreign country....
3. Consider two fictional economies, one called the domestic country and the other the foreign country. Given the transactions listed in (a) through (g), construct the balance of payments for each country. If necessary, include a statistical discrepancy. a. The domestic country purchased $120 in oil from the foreign country. b. Foreign tourists spent $35 on domestic ski slopes. c. Foreign consumers purchased $50 of wine from our domestic wineries. d. Domestic investors were paid $25 in dividends from holdings...
To protect a domestic industry from foreign competition by raising the price of foreign competitors’ products,...
To protect a domestic industry from foreign competition by raising the price of foreign competitors’ products, Brazil could impose foreign-exchange controls. establish an embargo. impose a nontariff barrier. levy an import tariff. set an import quota. Which of the following includes Brazil as a member? The Common Market, also called the European Union The Common Market of the Southern Cone North American Free Trade Agreement The Commonwealth of Independent States Central American Free Trade Agreement
a. When would it be a good idea to outsource your manufacturing to a foreign Country?...
a. When would it be a good idea to outsource your manufacturing to a foreign Country? b. When would it be an absolutely bad time to outsource your manufacturing to a foreign Country. What I am looking for here is what situations at a company might cause you to consider going offshore? Provide some concrete examples to strengthen the questions (500-800 words)
Assume a two country (home and foreign) and a two good (agricultural good and manufacturing good)...
Assume a two country (home and foreign) and a two good (agricultural good and manufacturing good) model. Suppose that labor (only mobile factor) is used in both the industries, but land is specific to agriculture, and capital is specific to manufacturing. Use the specific factors model to briefly explain the existence of sweatshops in the foreign country that has a comparative advantage in the agricultural good.
You are the accountant for an international shipping company. Provide the names of two asset accounts,...
You are the accountant for an international shipping company. Provide the names of two asset accounts, liabilityaccounts, and equity accounts for your company. Also describe the kinds of transactions that can be recorded in a general journal. Should a transaction be recorded first in a journal or a ledger?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT