Competition law

Rivalry among competing firms: The competing companies against Luck Industries is Vulcan Material and Marietta Materials. Vulcan Material is the number supplier of Stone. The risk of the rivalry companies is high because if price is what matters to the consumer the other larger companies can always lower price which would make it more difficult for Luck to compete. Luck industries always cares about it’s employees first along with it’s customers which make their products more expensive. Luck…

Recommendations Theory 1 Theory that has been used in this situation is maximizing profit. The concept of the theory is to increase the profit of the company to maximum level. The company always gives priority to profit and least bother about other issues. The unethical practice that this company is practicing is preparing unhealthy fast food.Generally, fast food is not healthy to consume. Every age group will be suffering as the consequences of eating fried chicken.…

i. Cost Leadership-Low Cost; Involves projecting a company as the cheapest source for a good or service to offer to a wide range of customers. Costs are minimized and the savings are then passed on to customers. Celcom • Does this by pushing for a culture that inculcates high productivity and accountability. The company has reduced the number of layers in its organizational hierarchy from the teens to just 6, and in the process, allowing for faster and transparent decision-making. With the…

and rely on this strategy only. Another idea they can introduce at this time of the year, is to offer any customer who buys two Ferrero Rocher packs a small Christmas tree, as shown in figure 8. Another idea of sales promotions could include a competition of the best table decoration on Christmas Eve using Ferrero Rocher chocolate. The winner for example would win a trip for to two to…

The primary distinguishing factor between Penrose’s and Coase’s theories is the idea of fluidity – Coase believes the firm to be a static body with an optimum size, whereas Penrose views the firm as a dynamic entity that has no size limit, unless it fails to exploit its resources, at which point the firm becomes stagnant. Whilst Penrose defines the firm as an "autonomous administrative planning unit”, which is bounded by its “area of authoritative communication”, Coase perceives the firm as a…

The PEST analysis, like a SWOT analysis studies four dimensions. However, a PEST analysis looks at the political, economic, socio-cultural, and technological factors. The difference between a PEST analysis and a SWOT analysis is that a SWOT analysis analyzes internal factors whereas a PEST analysis involves examining the external factors that affect one’s work environment. Organizations conduct PEST analyses in order to create strategies going forward. For my PEST analysis, I am going to analyze…

Merger of Mobilink and Warid Question 1) Why mergers take place, What are its basics? Answer:- Mergers usually take place to two main reason 1) When one company wants to expand its business and wants to capture more customers 2) When one company is at the door steps of shutting down and they want to join another giant company to overcome their problems When mobilink and warid merge together both the companies were in win win situation because both of them generate lots of profit. I think…

There are many different beliefs towards what brings us to success. In The Sports Gene by David Epstein, it is explained that innate and physical talents are what allow people to succeed. In Outliers: The Story of Success, Malcolm Gladwell explains that effort and practice is what brings us to the top. Epstein and Gladwell both put forth arguments about how much in our lives we control, however, based on evidence Gladwell definitely shows that effort and practice is what we control to make us…

5.0 CONTROLS To increase the efficiency of the resource allocations, Horny Pet will measure based on the marketing performance. Since promoting costs represent a vast segment of the aggregate working spending plan, setting up techniques to assess and measure these marketing activities will be a legitimate utilization of the business' financial plan. The result of these estimations can benefit Horny Cats over the long run by winding up plainly more profitable with the possible outcome in increase…

4.2. The B2B Buying Process Keller and Webster (2004) state that the B2B markets are defined by the buyers and not necessarily by the products that are sold. B2B customers are different from regular consumers due to their budget limitation and profit-motivation. The the type of relationship that B2B customers demand from suppliers, their capacity of purchase, the buying power and the buying process all differ from the common household or individual consumer. Furthermore, Keller and Webster…