Competition varies widely in different market structures. Perfect competition and monopoly are the two extremes. At one end, we find intense competition. While, no competition…

The different market structures have different view points with respect to competition. In monopoly, competition is not fierce as the monopoly firm has an advantage…

The different market structures adopt different pricing strategies. A few pricing strategies help deterring the entry of competitors. They may also enhance competitive strength and…

The markets in which the firms operate can be classified according to nature of transaction, time, volume, status, regulation, area and structure. According to structure…

Strategies companies adopt when they expand outside their domestic marketplace and start to compete on a global scale. One alternative available for companies is to…

Expanding globally allows companies to increase their profitability which is not possible to purely domestic enterprises. Companies that operate internationally can i) earn a greater…

Unique competencies are defined as “unique strengths that allow a company to achieve superior efficiency, quality, innovation, or customer responsiveness.” Such strengths are typified by…

Location advantages are those that occur from performing a value creation activity in the most advantageous location for that activity- in whichever part of the…

Experience curve refers to the systematic decrease in production costs that occur over the life of a product. Learning effects and economies of scale lie…

Companies that compete globally generally face two types of competitive pressures: pressures for cost reductions and pressures to be locally responsive. International companies must cope…