What is RELEVANT MARKET? What does RELEVANT MARKET mean? RELEVANT MARKET meaning - RELEVANT MARKET definition - RELEVANT MARKET explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In competition law, a relevant market is a market in which a particular product or service is sold. It is the intersection of a relevant product market and a relevant geographic market. The European Commission defines a relevant market and its product and geographic components as follows: 1. A relevant product market comprises all those products and/or services which are regarded as interchangeable or substitutable by the consumer by reason of the products' characteristics, their prices and their intended use; 2. A relevant geographic market comprises the area in which the firms concerned are involved in the supply of products or services and in which the conditions of competition are sufficiently homogeneous. The notion of relevant market is used in order to identify the products and undertakings which are directly competing in a business. Therefore, the relevant market is the market where the competition takes place. The enforcement of the provisions of competition law would be not possible without referring to the market where competition takes place. The extent to which firms are able to increase their prices above normal competition levels depends on the possibility for consumers to buy substitute goods and the ability for other firms to supply those products. The fewer the substitute products and/or the more difficult it is for other firms to begin to supply those products, the less elastic the demand curve is and the more probable is to find higher prices. For all these reasons it is necessary to define the relevant markets for the different cases which fall under the Law. The relevant market contains all those substitute products and regions which provide a significant competitive constraint on the products and regions of interest. An interesting guiding principle provided by Bishop and Darcey (1995) states that a relevant market is something worth monopolising, in the sense that the relevant market includes all the substitute products and therefore control of that market would allow the monopoliser to profitably increase the prices of the products to the monopoly level. This can only be possible if the products in this "market" are not subject to significant competitive constraints by products outside that market. In the United States, there exist a set of merger guidelines—written by the Antitrust Division of the Department of Justice (DOJ) and the Federal Trade Commission (FTC)—which specify methods for analyzing and defining markets. Since 1980, the DOJ and the FTC have used these guidelines to convince courts to adopt a more explicitly economic approach to antitrust policy. A relevant market comprises a product or group of products and the geographic area in which these products are produced and/or traded. Therefore, the relevant market has two components: the product market and the geographic market. The relevant product market is determined according to three criteria: 1. Demand-side substitution. 2. Supply-side substitution. 3. Potential competition. Demand-side substitution takes place when consumers switch from one product to another in response to a change in the relative prices of the products. If consumers are in a position to switch to available substitute products or to begin sourcing their requirements from suppliers located in other areas, then it is unlikely that price increases will be profitable. Therefore, it is necessary to progressively include in the relevant market the products to which consumers would most likely switch in response to a relative price rise, repeating the exercise at each stage until a collection of products is reached that is worth monopolising. When examining the likely responses of consumers, it is the response of the marginal consumer, not the average consumer which is important. Therefore, a small but significant number of consumers (generally 5 to 10 percent) switching to another product when there is a price increase is considered a sufficient condition for both goods to be defined as forming part of the same relevant market. Therefore, the existence of a group of consumers who would never switch in response to a relative price increase is not by itself sufficient to conclude that the relevant market should be defined narrowly.....
Views: 2218 The Audiopedia
LINKS TO PRODUCTS 1. Gear IconX - 0:05 Link: http://amzn.to/2uLpcxQ 2. Jabra Elite Sport - 2:14 Link: http://amzn.to/2sHCvmv 3. ZOLO by Anker - 3:49 Link: http://amzn.to/2EnnI5B 4. Air by Crazybaby - 6:07 Link: https://www.crazybaby.com/air 5. AxumGear - 8:34 Link: https://axumgear.com/ Please LIKE, SUBSCRIBE, and click on the ALERT button to be kept up to date on our new videos Check out our Social Media Facebook: https://www.facebook.com/Discover3now Twitter: http://twitter.com/Discover3Now Google+: https://plus.google.com/105799947868362987518 If you have any suggestions to make this channel even more awesome feel free to comment :) Hashtags: #DiscoverNow #Top5 #Apple #Airpods #Wireless #Gadgets #Bluetooth #2017 #2018 #2016 #BluetoothHeadphones Keywords: Discover Now Headphones Bluetooth 2016 2017 2018 Overview Budget Sony Gift Guide Apple Airpods Wireless Amazing Features Amazon Budget Alternatives Futuristic New Unboxing
Views: 749210 Discover Now
According to Porter's five forces framework the competitive environment in an industry is influenced by five forces: • The Threat of new entrants; • The Threat of substitute products; • The Rivalry among existing firms; • The Bargaining power of buyers; • And the Bargaining power of suppliers. The five forces model teaches us that competition has multiple dimensions. It is important how many direct competitors we have, but it is also important if clients can choose to use alternative products, or if new entrants are likely to enter the market and increase current levels of competition. In addition, we shouldn’t forget that clients and suppliers can have a very strong bargaining power, and dictate the terms if the companies in an industry are unable to do anything about it. On Udemy: https://www.udemy.com/user/365careers/ On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 113199 365 Careers
Looking for some more organic chemistry practice? Try http://www.studyorgo.com and ace that test. Use the coupon code “Dave” and save 20% right away! This is it! This is what you've been freaking out about in class! How the hell do you choose the mechanism that's gonna happen? Is it SN2, SN1, E2, or E1? Woe is you, what will you do. Why not listen to Professor Dave? He's got the hottest chemistry tips in town. That cute boy or girl in class will be so impressed when you apply what you've learned here and have all the answers at the next lecture. Don't worry, I won't tell. But you should, I need the promo. Learn Organic Chemistry the easy way with Professor Dave! Subscribe: http://bit.ly/ProfDaveSubscribe [email protected] http://patreon.com/ProfessorDaveExplains http://facebook.com/ProfessorDaveExplains http://twitter.com/DaveExplains http://instagram.com/DaveExplains General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem Organic Chemistry Tutorials: http://bit.ly/ProfDaveOrgChem Biochemistry Tutorials: http://bit.ly/ProfDaveBiochem Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1 Modern Physics Tutorials: http://bit.ly/ProfDavePhysics2 Mathematics Tutorials: http://bit.ly/ProfDaveMaths Biology Tutorials: http://bit.ly/ProfDaveBio American History Tutorials: http://bit.ly/ProfDaveAmericanHistory
Views: 375350 Professor Dave Explains
This concept is explained concisely by IITian Faculty. Any Time Padhai Academy (ATP Academy provides awesome content for students Preparing for IIT JEE & NEET). Like ATP Academy on Facebook https://web.facebook.com/Any-Time-Padhai-Academy-1034624919960861/
Views: 66247 Any Time Padhai Academy
Learn more: http://www.policonomics.com/isoquant/ Spanish version: https://youtu.be/c1IdZg3JHsc With this video, you'll be able to understand what isoquants are, and how they can help analyse production. You'll learn the main characteristics of different types of isoquants, as well as what the marginal rate of technical substitution is. Related videos: -Production function: https://www.youtube.com/watch?v=A5E1sOYh6No&list=PLr3ti8G3MCupcsVLkr7ayC_ziNbi9l4De&index=2 -MRTS: https://www.youtube.com/watch?v=LY5fXomMZIk&list=PLr3ti8G3MCupcsVLkr7ayC_ziNbi9l4De&index=5 Related articles: -Marginal rate of technical substitution: http://www.policonomics.com/marginal-rate-of-technical-substitution/ -Isocosts: http://www.policonomics.com/isocost/ Thank you for watching! http://www.policonomics.com Learn, and enjoy!
Views: 43797 Policonomics
Tutorial on understanding the income and substitution effects for normal and inferior goods when the price of a good rises and income and substitution effects for normal and inferior goods with a price decrease. Playlist on Consumer Theory http://www.youtube.com/playlist?list=PL2D7155066C3E2720 MyBookSucks http://www.FaceBook.Com/PartyMoreStudyLess Created by David Longstreet, Professor of the Universe, MyBookSucks http://www.linkedin.com/in/davidlongstreet
Views: 379583 Economicsfun
These are the top 5 affordable action cameras in 2018. Each camera in this video i personally got to try and test out. 1. Xiaomi Mijia Mini 4K - Amazon: http://geni.us/Mijia4K Gearbest: http://bit.ly/2wfaemj 2. Yi 4K+ Camera - Amazon: http://geni.us/mdDq Geekbuying: http://fas.st/v8c7Od 3a. ThiEYE T5E - Gearbest: http://bit.ly/2uI9G6f Amazon: http://geni.us/1SE0zoP 3b. SJCAM SJ7 Star - Banggood: http://bit.ly/2MdIlkk Amazon: http://geni.us/sj7Star 4. MGCOOL Explorer 3 - Gearbest: http://bit.ly/2E5X8Ko Banggood: http://bit.ly/2lUfwi2 5. Apeman A80 - Amazon: http://geni.us/Apeman4K Xiaomi Mijia 4K Mini Review: https://youtu.be/E0lK09ZGIJk Yi 4K+ Review: https://youtu.be/cfcCoJ_0Y7g ThiEYE T5E Review: https://youtu.be/4A944VHAyFc SJCAM SJ7 Star Review: https://youtu.be/g2tb12vnBX0 MGCOOL Explorer 3 Review: https://youtu.be/hUhPsQI3b-Q Apeman A80 4k Review: https://youtu.be/_WDRBG_5iZg There are hundreds of action cameras available and i didn't get to try every single one of them, but i got to try about 80 or so and based on my experience i feel the the ones i listed above are the best.
Views: 532983 Redskull
Here're top 5 GoPro alternatives 4k action camera that have equivalent video quality and remarkable advantages. ★★DJI Spark FREE Giveaways: https://goo.gl/1Q52c5★★ Example Source Credit: http://www.youtube.com/watch?v=FXKdlTVo8Iw http://www.youtube.com/watch?v=Grsg7MHogc0 http://www.youtube.com/watch?v=DdiqYJ-gAA8 http://www.youtube.com/watch?v=qMxEkxY4rsw http://www.youtube.com/watch?v=EvVQfRaGlk0 http://www.youtube.com/watch?v=ARDUmWGF80Q http://www.youtube.com/watch?v=VCpLyGJkidU http://www.youtube.com/watch?v=-30ElBd3dVg http://www.youtube.com/watch?v=bYppZmr6yjE (These sources are cited on the video too and used as relevant examples to show the features these 4k action cameras have, if your source is missed or incorrectly shown, or if you consider as infringement, please send us a private message and we’ll deal with it.) Purchase: Tomtom bandit http://amzn.to/2pNR0iQ Yi 4K http://amzn.to/2pNTYE8 Olympus http://amzn.to/2ooL4f1 Sony FRD X3000 http://amzn.to/2qe0LH6 Garmin Virb Ultra 30 http://amzn.to/2p3Qboy Gopro hero5 black http://amzn.to/2pNRSnu No. 5 Tomtom Bandit 4K Action Camera TomTom Bandit looks quite innovative on the design. Press this button while rotating here to take out the battery. And you can directly insert it to your computer to transfer files from the SD card while charging the battery, without additional cable. Tomtom is equipped with IPX7 waterproof. Comparing to GoPro Hero 5, the most distinguished highlight is the built-in motion sensor that allows speed, gravity, heartrate, altitude & rotational tagging. However, the drawback is that when recording 4k video, the maximum fps is only 15. No.4 Yi 4K Yi 4k’s design looks similar to GoPro’s. There’s also a LCD touchscreen on the back, which is really sensitive and smooth. It supports 4k shooting at 30 fps, and 1080p at 120fps or 720p at 240p for slow motion. We had a test between Yi 4k and GoPro Hero 5, it turned out that its denoise in low light and battery life is better than GoPro 5. However, Yi 4k is not water resistant, you can buy a case if you need to surf or dive. No.3 Olympus Tough TG-Tracker Olympus 4K has the most extraordinary design I’ve seen in action cameras. Literally a handheld action cam. On GoPro 5, stabilization is not available under 4k shooting, whereas with 5-axis stabilization system, it’s available on Olympus 4k shooting. However, the 4k image quality is disappointing, like zoom in to 200% on 1080p video. And for slow motion, it supports 1080p at 60fps, and 720p at 240 fps. Most distinguished highlight: 204° ultra-wide-angle that’s perfect for shooting a broad view like coast line or city landscape. A flappable screen makes it easier to monitor. Besides, there’s a flash light that helps you record video in low light environment. Olympus 4k has waterproof design, stabilization mode, shock proof, and excellent performance in low temperature to 14 Fahrenheit or -10 celsius. You can enable barometer and gravity tagging and even transfer media files to PC with WiFi. No.2 Garmin virb Ultra 30 Coming up are 2 badass players. This Garmin Virb is quite a competitor to GoPro Hero 5. Their designs are similar too. Same as GoPro 5, Garmin Virb supports 4k at 30fps, 1080p at 120 fps, 720p at 240 fps, and even voice control. The camera is not waterproof, but the accessories include a water resistant housing. From a personal perspective, Garmin Virb surpasses GoPro 5 in the Rotary Switch and shutter button that are much more convenient. In addition, the rotary locking mechanism makes it much easier to maneuver on or off accessories. This can be inspiring to GoPro. VIRB Ultra 30 has sensors for GPS, gravity and direction, while Gopro has only 1 GPS sensor. So it seems extreme sport fans would prefer Garmin Virb. No.1 Sony FDR-x3000 Sony FDR-x3000 is the world’s first action cam from a major manufacturer to include optical image stabilization, much more advanced than GoPro 5’s electronic stabilization. Let’s look at the comparison test. Sony FDR-x3000 allows you use stabilization even in 4K shooting. It also supports 3 times digital zoom. With Sony’s world class expertise in graphics, video captured by Sony FDR-x3000 has excellent image quality and keeps more details of motion than GoPro 5. With IP68 waterproof, you can record down to 60 meters or 197 feet under water, where it can even perform auto focus and white balance adjusting. The slow motion lets you record 1080p at 120fps, 720p at 240fps. And voice control is not equipped. I would say that other than voice control and LCD Touchscreen, this action cam outperforms GoPro 5 in every aspect. For professional action cam users, I would highly recommend this one. Here’re 5 top 4k action camera GoPro alternatives. Sony has better image quality, Garmin has better interactive experience and info tagging, the most cost-effective option---Yi 4k has obviously threaten GoPro’s marketshare. Thanks for watching and remember to subscribe!
Views: 788149 Filmora MVP
In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1093424 Jacob Clifford
►JomaSwag Merch https://jomaswag.com/ ►Music I use: http://share.epidemicsound.com/lSSdb - (For YouTubers) ►Free Resume/Cover Letter Template For Members! Join Here: https://www.youtube.com/channel/UCV0qA-eDDICsRR9rPcnG7tw/join Genevieve: https://www.instagram.com/gennythomas/ John: https://www.instagram.com/shitty_origami/ Cameron: https://www.instagram.com/bakanino/ ►Chat with me https://discord.gg/H52kZHe ►TWITTER/INSTAGRAM/FACEBOOK @jomaoppa FILM STUFF AMAZIN LINKS Laptop - https://amzn.to/2GN6IqD MAIN Camera - http://amzn.to/2Fs1JeX Main Lens - http://amzn.to/2IkeYwm Wide lens - http://amzn.to/2DgzIRD Mic I use - http://amzn.to/2p8gZmj Vlogging Camera - http://amzn.to/2FFuPah Gorilla Pod - http://amzn.to/2oZZeX8 Drone - http://amzn.to/2FzatMy GoPro HERO 5 - http://amzn.to/2Ghgmir Snowball Mic - http://amzn.to/2Gh8P3i Send me mail or whatever you want here! PO Box No. 121 REDWOOD CITY, CA 94064
Views: 85633 Joma Tech
In this revision video we work through how to show the substitution and income effects arising from a fall in the market price of a product, in our example we see why people are likely to buy more fresh oranges when their price goes down.
Views: 28579 tutor2u
Here are my favorite meat-free soy-based foods! These brands make great substitutes for meat, and they were all foods that I've repurchased so I highly recommend them! If you want to see me make a video about the recipes I've made using these any of these meat substitutes, just leave a comment and I'll do it! Why I Became a Vegetarian: https://www.youtube.com/watch?v=Ky6GeG4W8XY ♥♥♥ FOLLOW ME ♥♥♥ ♥ Instagram: http://instagram.com/naturallybatel ♥ Twitter: https://twitter.com/naturallybatel ♥ Tumblr: http://is-that-organic.tumblr.com ♥ Blog: http://www.naturallybatel.com Disclaimer: this video is NOT sponsored Music: Whimsey groove- Kevin MacLeod
Views: 30442 Naturally Batel
Video related to Polimi Open Knowledge (POK) http://www.pok.polimi.it This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (CC BY-NC-SA 4.0). http://creativecommons.org/licenses/by-nc-sa/4.0/
Views: 1250 Polimi OpenKnowledge
This video reviews perfect substitutes (labor and capital) in production, providing a numerical example. Although not mentioned in the video, the distinguishing feature of perfect substitutes is that the marginal rate of technical substitution (MRTS) is constant (i.e.,the slope of the isoquant does not change). The MRTS = marginal product of labor / marginal product of capital.
Views: 17017 1sportingclays
The CEO's main role is to carefully point their company to compete in markets that have great growth characteristics. Product and finance background chief executive officers tend to lean toward leaving the decisions on which markets to compete to sales and marketing leaders. When fighting the competition becomes a bear, the CEO can't rely on an A-Player head of sales to sell their way through a disadvantaged growth strategy. To access a list of best practices that top CEOs include in their corporate strategies, download our 10th annual workbook, How to Make Your Number in 2017. Turn to the Corporate Strategy section for a complete list of best practices, and flip to the Products phase on pages 72 – 77 to follow along today. Top CEOs develop a corporate strategy that includes clarity on which markets to compete so that when you execute his or her strategy, through marketing and sales execution, you have success. In more simple terms, we're talking about putting the boat over the fish, so that when you drop the line in the water you can catch fish. Being in the right markets, with the right products, at the right time. CEO demonstrates how to create new markets through the development of new products, how to attract new customers to an existing product, and how to convince current customers to buy more of an existing product. Today’s show will demonstrate how to create new markets through new products, attract new customers to an existing product, and convince current customers to buy more of an existing product. This is a deep dive on product strategy. To follow along, download our 10th annual workbook, How to Make Your Number in 2017. Turn to the Products phase of the corporate strategy on pages 72 – 77 of the PDF. Our guest is Sudhakar Ramakrishna, the Chief Executive Officer of Pulse Secure. A leading provider of secure access and mobile security solutions, Pulse Secure serves enterprises and service providers. As companies increase productivity through the adoption of cloud and an ever-mobile workforce, Pulse Secure provides the security to safeguard your company. Watch as Sudhakar demonstrates how to attract new customers and how to convince current customers to buy more of an existing product. Why this topic is important? Not all revenue growth is equal. Some revenue growth creates more enterprise value than others. Revenue growth that comes from increasing market share for a product does not create much long-term value because competitors can easily retaliate. Revenue growth driven by increasing prices of certain products comes at the expense of the customer, who can retaliate by buying less and seeking substitute products. Revenue growth driven by products that create new markets, attract new customers, and convince customers to buy more is the most valuable type of revenue growth. Watch as we discuss the different types of revenue growth and which revenue growth is worth more than others. We talk through the approach when determine whether a company should create an entirely new category or participate in a category within existing category through innovation. New category creation has very different cost dynamics. Different customer acquisition costs and strategic time horizons. Watch as we discuss what goes into this decision for a CEO.
Views: 180 SBI TV
Dave2D comparison of the best thin and light alternatives to the 2016 15" MacBook Pro. Laptop Skins from https://www.dbrand.com XPS 15 - http://amzn.to/2hZjqpT UX501 - http://amzn.to/2hLG9VW GS63 - http://amzn.to/2ik00Zf Aero14 - http://amzn.to/2ijMxk6 Razer Blade - http://amzn.to/2hvyGHj Individual reviews: 2016 MBP - https://youtu.be/ibVhqq9Asqw XPS 15 - https://youtu.be/qA-8_OpUdEM UX501 - https://youtu.be/Z2vlynTXjqA (older model) GS63 - https://youtu.be/lvkZRMPM8aQ Aero14 - https://youtu.be/CCQ8NJUz2Ss Razer Blade - https://youtu.be/G_VUD7r0gVA GTX 1060 Performance - https://youtu.be/ac9ogKirkGQ Desktop Wallpaper Download: http://i.imgur.com/WtCWO9Y.jpg Music Credits: Intro: Matanoll - Clearness (Robotaki Remix) Background: Fili - The Day Dream Follow me: http://twitter.com/Dave2D http://www.instagram.com/Dave2D
Views: 1492399 Dave Lee
This is my review of the LIFX Tile, a sweet LED wall light display. I share my thoughts and discuss how it stacks up against the Nanoleaf Aurora. Subscribe for more vlogs, reviews, and new parent videos. http://www.youtube.com/dadverb Want more? Check out Kevin's LIFX Tile Demo https://youtu.be/ONeXG_6wXnc ------------- **** Gear Used For This Video ****** https://kit.com/dadverb/video-gear ------------- dad.verb on Social Media: http://www.dadverb.com/ https://twitter.com/dad_verb https://instagram.com/dad_verb https://fb.com/dadverb.video *Some links are affiliate links
Views: 178481 Dad Verb
On Udemy: https://www.udemy.com/user/365careers/ On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers This lesson on Business strategy introduces the idea behind doing SWOT analyses. Watch more at https://www.udemy.com/mba-in-a-box-business-lessons-from-a-ceo . This video is part of a series of short lessons about Business Strategy. The complete module can be found on Udemy, as a core part of the MBA in a Box course by CEO Valentina Bogdanova and 365 Careers. The course provides a complete Business Education: Business Strategy, Management, Marketing, Accounting, Decision Making & Negotiation in just under 10 hours. -------------------------------------------------- Strategy module table of contents: MBA in a Box: Introduction 1. What does the course cover? Section: 2 Strategy: An Introduction 2. The role of Strategy and what makes a Strategy successful 3. The difference between Corporate and Business Strategy 4. The importance of the Mission, Vision, Goals, and Values statements Section: 3 Strategy: The industry lifecycle model 5. The four stages of the industry lifecycle model - An introduction 6. The strategic importance of the industry lifecycle model 7. The Introduction stage - A new industry is born 8. The Growth stage - An industry in its expansion phase 9. The Maturity stage - An industry at its peak 10. The Decline stage - An obsolete industry Section: 4 Strategy: Porter's Five Forces model - The competitive dynamics in an industry 11. Michael Porter's Five Forces model 12. The threat of new entrants 13. The threat of substitute products 14. The intensity of current competition 15. The bargaining power of suppliers 16. The bargaining power of clients 17. Porter's Five Forces framework applied in practice Section: 5 Strategy: Game Theory - Studying the interaction between multiple parties 18. An introduction to Game Theory 19. Zero-sum games - approaching situations with a win-lose perspective 20. Non-zero-sum games - considering both cooperation and confrontation 21. Tobacco companies - a real-life example of Game Theory application Section: 6 Strategy: Focusing on the inside of a business 22. Focusing on the inside of a business - An Introduction 23. A company's lifecycle model - what should be done at different stages Section: 7 Strategy: Acquiring a competitive advantage 24. The quest for a competitive advantage - An Introduction 25. The importance of building a sustainable competitive advantage 26. The role of resources and capabilities 27. Acquiring an actual competitive advantage Section: 8 Strategy: The three main competitive strategies 28. The three main competitive strategies 29. Cost leadership - sell cheap 30. Differentiation - be different 31. Niche (Focus) strategy - find your niche market 32. The danger of hybrid strategies Section: 9 Strategy: Corporate growth strategies 33. The types of growth opportunities companies pursue 34. Organic growth - building a solid foundation 35. Inorganic growth - leveraging M&A transactions 36. Horizontal integration 37. Vertical integration Section: 10 Strategy: The SWOT analysis framework 38. An introduction to SWOT analysis 39. SWOT analysis in practice - Starbucks -------------------------------- Strategy analysis has two main branches – analysis of a firm’s external environment and analysis of a firm’s internal environment. SWOT is a famous framework that allows us to combine the two types of analysis. SWOT is sometimes referred to as internal-external analysis. The acronym SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. The first two, Strengths and Weaknesses, are related to a firm’s internal environment, while the last two, Opportunities and Threats, consider its external environment. Internal strengths and external opportunities are vertically paired as helpful elements, while internal weaknesses and external threats are paired as harmful elements. if we perform a company analysis, under strengths, we would expect to see its core competences, the areas where the business excels and has a competitive advantage over competitors. Weaknesses are areas that need improvement. Such vulnerabilities place a company at a disadvantage when competing against other firms. Opportunities can be seen as favorable factors existing in a company’s external environment, in the industry where it operates, and have the potential to improve its current results and competitive positioning. Threats arise in a company’s external environment and might harm its current business.
Views: 181174 365 Careers
In this video, compare the monopolistically competitive market structure to the previously covered structures (perfect competition and monopoly), and show the short-run and long-run outcomes for the firm. "Episode 29: Monopolistic Competition" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 278149 mjmfoodie
Which epoxy is the best? Are quick dry epoxies as good as 24-hr dry time epoxies? Which name brand is best? In this video, I use 3 tests to determine which epoxy is the best. Thank you for considering Patreon: https://www.patreon.com/projectfarm
Views: 841910 Project Farm
Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk Get the Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Video Explaining Shifting the Curves https://www.youtube.com/watch?v=V0tIOqU7m-c Unit playlists https://www.youtube.com/watch?v=HQkVO2PsxFw Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 1752369 Jacob Clifford
I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching. Please subscribe. Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 697301 Jacob Clifford
Finally here is something out there that can beat Kodi and Terrarium. This is the Best alternative to them. This App will let you watch Movies, TV Shows, Live TV, Anime, etc. for free
Views: 34308 Prime Tech
Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching. Please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1239807 Jacob Clifford
Video tutorial on marginal utility (MU) and marginal rate of substitution (MRS) using calculus used in Consumer Theory. Video shows how utility is constant along a single indifference curve. Like MyBookSucks http://www.facebook.com/PartyMoreStudyless Related Videos: Playlist on Consumer Theory http://www.youtube.com/playlist?list=PL2D7155066C3E2720
Views: 249324 Economicsfun
Chorus- I'm gonna sell these goods even though there's other sellers in this market I'm, I'm, I'm aiming, for maximizing profit When MR = MC 1st verse: Economic profit in the short run Breaking even in the long run wantin demand to stay up high so sellers don’t have to be left high and dry Producers and consumers are perfectly informed That the prices that they get is where they better conform All prices about the same cause we have no control That’s why they call us price takers but that’s how it goes Firms wanna maximize their profits Consumers want to maximise their utilities The best price is what both Are aiming to achieve If a firm dont have what you need You can substitute products easily Sellers have no market power So they’re only thinkin bout demand going higher Supply and demand determine perfect competition Along wit MC and ATC Demand equals Price and MR too MC curve falls at first due to an important little law called diminishing returns but don’t freak out you’ll come back up If you’re still a bit confused Lemme tell you some great news We got what you need Don’t matter who you choose Chorus- I'm gonna sell these goods Even though there's other sellers in this market I'm, I'm, I'm aiming, for maximizing profit When MR = MC I'm gonna sell these goods even though there's other sellers in this market I'm, I'm, I'm aiming, for maximizing profit When MR = MC 2nd verse: What do you know about perfect competition? What do you know about all the sellers in this mission? Many buyers and sellers it's hard to keep up with em Firms come n go cuz there's no barriers to walk in soon we jump into equilibrium as long as we stay in the long run Earning just enough profits for our firm to not give up Keeping demand above avc is how we thrive We take the price from the market and make it work to survive Efficiency is how we roll Selling as much as we can is our goal With no control over price Sellers do what they can Cuz the market always has an elastic demand With identical products there´s no problems with the quality There is no individuality more like substitutionality With many small firms that just how it gotta be Firms comin and goin That’s the benefit of the free entry If the demand falls low though They can leave with no real penalty No seller can say they the best Cuz they just like all the rest Chorus- I'm gonna sell these goods even though there's other sellers in this market I'm, I'm, I'm aiming, for maximizing profit When MR = MC I’ll take the market’s price I’ll make it work real nice If avc fall real low Were shutting down n goin home I’ll take the market’s price I’ll make it work real nice If avc fall real low Were shutting down n goin home I'm gonna sell these goods even though there's other sellers in this market I'm, I'm, I'm aiming, for maximizing profit When MR = MC
Views: 5 Luisa G
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Views: 735532 ElevatedVaping
What happens to the Demand curve of a good when a substitute is more expensive or cheaper?
Views: 176 Ruben Alberto Moreno Zavala
I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns. For more econ stuff, visit my website www.ACDCEcon.com Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji High school version of this video- https://www.youtube.com/watch?v=_TQ62MwzSrY Next Video- Economies of Scale https://www.youtube.com/watch?v=JdCgu1sOPDo Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Twitter (#askclifford) https://twitter.com/acdcleadership?lang=en By the way, I had some songs from West Side Story in my head while I was filming.
Views: 567473 Jacob Clifford
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Views: 1572552 Linus Tech Tips
#edrawmax #uml Porter's Five Forces Framework is a tool for analyzing competition of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack of it) of an industry in terms of its profitability. Strategy consultants occasionally use Porter's five forces framework when making a qualitative evaluation of a firm's strategic position. However, for most consultants, the framework is only a starting point and value chain analysis or another type of analysis may be used in conjunction with this model. Porter's five forces include three forces from 'horizontal' competition--the threat of substitute products or services, the threat of established rivals, and the threat of new entrants--and two others from 'vertical' competition--the bargaining power of suppliers and the bargaining power of customers. Porter developed his five forces framework in reaction to the then-popular SWOT analysis, which he found both lacking in rigor and ad hoc. Porter's five-forces framework is based on the structure conduct performance paradigm in industrial organizational economics.
Views: 259 Pratik Matkar
For the entire course on intermediate microeconomics, see http://youtubedia.com/Courses/View/4
Views: 1137 Jochumzen
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Views: 84254 Joma Tech
Dave2D review of the new Asus Zenbook 14 - one of the best competitors to the MacBook Air and it costs MUCH less. Available Here: https://amzn.to/2PXajHc The new Zenbooks have a light up number pad and are rocking the new 8th gen whisky lake CPU the i7-8565U and a MX150. These laptops are thin and light while having good CPU and GPU performance. Follow me: http://twitter.com/Dave2D http://www.instagram.com/Dave2D
Views: 713588 Dave Lee
This video goes over the 4 steps necessary to solve for equilibrium price and quantity in common economic and microeconomic problems. These 4 steps involve finding the demand and supply equations, setting each equal to quantity which allows you to set them equal to each other. This means that you are left with one equation and one unknown. The unknown will be the price variable and once you solve for this you will be able to plug it into either quantity equation in order to solve for market equilibrium. More informaiton on this topic is available at http://www.freeeconhelp.com/2011/09/how-to-find-equilibrium-price-and.html
Views: 397334 Free Econ Help
Watch more episodes of Top 5: http://bit.ly/1N5SGJ6 Apple didn't invent completely wireless earbuds. Here are your best options if you don't want to fork out for AirPods. Apple AirPod reviews: http://bit.ly/2c8c6pF Subscribe to CNET: http://bit.ly/17qqqCs Watch more CNET videos: http://www.cnet.com/video Follow CNET on Twitter: http://twitter.com/CNET Follow CNET on Facebook: http://www.facebook.com/cnet Follow CNET on Instagram: https://www.instagram.com/cnet/ Follow CNET on Snapchat: CNETsnap
Views: 178135 CNET
This talks through an example of drawing inferences about cross-elasticities of demand from observed data. Relevant for the 2010 U.S. Merger Guidelines and the approach to market definition that looks to substitute products on the consumer side.
Views: 285 Randy Picker
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In the last video we started talking about your actual product or service and we began thinking about your success with it as its affected by the strength of your team and how strong your processes are. Taking a look at your business like this begins to give us an understanding of where your overall strengths and weaknesses are. But we still need more information about your actual product or service so what's the next question? We're going to start getting a lot more targeted in our questions about what you sell. We need some numbers now. By product or service line - what are the profit margins, revenue, and sales volume for each – for the last three years? This is a BIG question! That's actually a lot of numbers to look at. Now we're really gonna start learning something! The first question, about the staying power of the product in the market and your experience with making and selling it isn’t enough to really gage how the product is doing so I dig deeper with this second question… This is where we start to see how well specific products and market segments are doing… We start to find out where some big opportunities are, where you should focus growth, and what you need to fix or maybe stop selling, or push even harder on. This one question can lead to a whole host of second level questions. By looking at these numbers I can see whether or not a specific offering is picking up steam, or possibly losing market share, and i can get a bit of a glimpse into how your sales efforts are performing. I would anecdotally compare what I know about your product or service to see if there's an opportunity that's being missed. For example, can I quickly name several other competitors in your space that are doing well competing against you with this particular offer? I'd also be thinking about whether or not I know of a substitute product. If your competition or a reasonable substitute is doing well, then that would lead me to evaluate a few things like the overall quality of your offer, your sales efforts, and the potential size of the market. I want to know which of your products and services is making or losing money, and WHY. I'd look at how your competition is priced. We could end up discussing how you arrived at your price. I firmly believe that if you build up your price based on your underlying costs and you obey that discipline, you will always make money when you sell. This belief assumes that your costs aren’t out of line with the market and that you understand and market your specific value proposition well. If you can't deliver a certain product or service at the market rate and make money, then you should be asking yourself why, what is everyone doing that you're not, what do they know that you don't? From these initial numbers, I’ll dig deep to find the answer to why certain offerings are doing well, and others are not. The answer to this question along with the other information we've learned so far tells me a lot about your business model and your offering… To get more free small business advice and resources check out my site at: https://www.askphilipwilliams.com
Views: 56 askphilipwilliams
In this video, I explain the concepts of Marginal Rate of Substitution (MRS) and Marginal Utility. I then offer a non-calculus-based motivation for the formula that relates the MRS to the marginal utilities of the two goods. Check out a description of my teaching activities here: www.tonycookson.com/teaching Check out a list of the videos in this series (organized by topic) here: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html
Views: 162000 intromediateecon
Using indifference curves to think about the point on the budget line that maximizes total utility Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/types-of-indifference-curves?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/indifference-curves-and-marginal-rate-of-substitution?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 296554 Khan Academy