Case Study of Market for Tuna Company :: Business Analysis

PRICINGTo be able to understand how the quatern types of grocery affect determine decisions we must first look at the f consummationors considered when setting worths. As per discussion in class, competitors consumer perception of price and set securities industry and demand all together contribute to the pricing decisions. fit to the study of Economics these factors are present in the four types of trade Monopoly, Oligopoly, Perfect competition and Monopolistic competition.In monopoly, where in that location is only hotshot provider of a product or service, the companion controls the pricing decision. beholding that there is none, if not limited, existing competition in the market proves that the company is not dependent on the pricing decision of other electricity service suppliers. A common local example would be Meralco, although there are other electricity providers outside Mega Manila, Meralco is still considered the largest and the most income generating electric ity supplier in the country. Being the largest assumes a big bulk of the race demanding and relying on the services it provides, there is not much choice odd for the consumers but to patronize Meralco, in effect the vote outs that the company asserts (under the governments approval) will always be assimilated by the consumers. The unavailability of other options gave them the jell to take control of the pricing of charges.In oligopoly the market is shared by a small number of producers or sellers. Since it is dominated by a small number of sellers, each one is mindful on the act of the other and decisions of each other firms influence one another. There is a concern on the reactions or responses of the other sellers in the markets thus the pricing decision is thought of carefully against the competitors pricing decisions, it flat becomes dependent on the other participants in the market. The local examples are the crowing landline telecommunication service suppliers such as PL DT, Bayantel, Digitel and Globelines. Based from observations on ads and promotions every time one seller initiates a call charge reduction the other sellers automatically follows the trend. The whole idea in this miscellanea of market is that firms are actually after price step-down, with the hope of gaining a bigger share of the market. Either pricing decision indicates a decrease or increase all actions will create a price war response with other sellers.A perfect competition market describes a market setting wherein the buyers and sellers are so numerous that the market price of commodity is no longer in control of each the buyers or the sellers.