What are the differences between copyright and counterfeiting? Using examples, examine the reasons why marketing strategies fail in the international markets
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- How are companies able to use the differences in culture to effectively market a product or service to specific groups of people ?Who are our competitors? What are their marketing strategies?Match each of the terms to their description: Shutdown Point A. something that keeps new firms from joining a market B. legal protection for inventions C. legal protection for books and music D. a firm that operates as a monopolist Price maker Barriers to Entry Copyright E. revenues do not cover its average variable costs Patent
- write one to two pages : Describe in your own words the concept of market powerTo what degree does the American economic system allow the restaurant industry to provide what we need and want efficiently?Branding involves creating and communicating a unique image and theme for a product in the consumers' mind. Does successful branding increase Market Power? how and why?
- Think about the definitions of competition and consumer sovereignty in economics. How could we get the school canteen to offer better food at lower prices?What is the difference between economies of scale and economies of scope of media markets?Name some of the challenges marketers encounter when developing advertising and promotional campaigns. How does the type of product affect the promotional strategies?
- Why does the us not outlaw all monopolies?Price The graph below depicts the market demand curve faced by a hypothetical cartel operating in the US. Use the graph to highlight the area that represents the profits earned by the cartel. 100 90 80 70 60 50 40 30 20 10 0 0 D B Profit C A Marginal cost average cost Market demand Marginal revenue 1000 2000 3000 4000 5000 6000 7000 8000 900010000 Quantity If the US government decides to break up the cartel. Which of the following pieces of legislation could the cartel be prosecuted under? The Sherman Antitrust Act The First Amendment The Dodd Frank Act The Glass Stegall ActResearch on the following and discuss the following, present the necessary illustration: a. kinked demand curve b. Game theory c. predatory pricing d. market efficiency
