Description of this paper

You want to start a company,

Description

solution


Question

You want to start a company, and are trying to decide between 2 different industries. You are doing your final research before you write your business plan.;Industry A has 20 firms and a Concentration Ratio (CR) of 30%;1. What is the name for this type of Industry?;2. Describe some of this industry's characteristics.;3. If you were in this industry and there was an increased demand for the product that pushed up the price of goods, what long run adjustments would you expect?;4. What does your anticipated adjustment process imply about the CR for the industry?;Industry B has 20 firms and a COncentration Ratio (CR) of 80%;1. What is the name for this type of Industry?;2. Describe some of this industry's characteristics.;3. What are some reasons why this industry has a high CR while industry A had a low CR?;4. Is it possible for smaller firms to thrive and profit in Industry B? Why or why not?

 

Paper#29516 | Written in 18-Jul-2015

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