Dr Nick

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    Kaplan University
    Apr-2009 - Mar-2014

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    University of Santo Tomas
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Category > Economics Posted 29 Aug 2017 My Price 11.00

Describe the business and its likely main competitors.

Topic: Role of Advertising

Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.

  1. Describe the business and its likely main competitors.
  2. How would you structure your advertising and customer service to differentiate your product/service?
  3. How easy would it be for new competitors to enter your market and erode your customer base or selling price?
  4. What would be your prognosis for the long term profitability of such a business?
  5. What could you do to protect that long term profit stream?

No format needed simply asnwer the questions and need a reference to provide answers.

 

Answers

Dr Nick
(4)
Status NEW Posted 29 Aug 2017 06:08 AM My Price 11.00

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