How to Find, Capture, and Control the Most Lucrative Markets in Any Assignment

How to Find, Capture, and Control the Most Lucrative Markets in Any Business - Assignment Example In order to compete effectively, the business unit needs to adopt the strategy which motivates the customers to buy the product and use the service of this business unit.   For example, the product line can be very differentiated or innovative, the appealing marketing campaigns, the exclusivity of the service, and, of course, the price should be maintained lower than competitors.   Nevertheless, the lowering of price does not guarantee success on the market.   The monopolistic or perfectly competitive firms do not have to consider the price setting of the rivals but the oligopolistic or the monopolistically competitive firms do.  If the company is producing the unique good and no substitutes exist, and the other firms are prevented from participation in production by some barriers, such as patent rights, the market for this good becomes monopolistic. The perfectly competitive firm has an influence over the market price by deciding how much the good should cost – the pr oducer does not have to adjust the price of the good to the market price. Monopolistic firms are price seekers, not price takers (Lele 2005). Therefore, monopoly grants the right to control the market, even though the firms still have to find the optimum price for their product – the buyers can refuse to buy at the price they consider too high for the value they get.  The monopolistic business unit has the strategy of finding the level of output that maximizes the profits and minimizes the losses – the same for perfectly competitive firms. The most profitable level of production in monopoly is when marginal cost equals marginal revenue – in the case with perfectly competitive firms, the marginal cost should equal the average revenue (price). Monopolistic firms are profitable, but unlike competitive firms, the new firms are not attracted into the industry. If the market is competitive, the new entrants ensure the increase in output and, as a result, the fall in price. Monopolistic market structure blocks such entries and therefore the price remains at the most suitable for the firm level (Kreps 1990).

President John F. Kennedy Assassination, Nov. 22, 1963 Research Paper

President John F. Kennedy Assassination, Nov. 22, 1963 - Research Paper Example In less than two years, one such evil force consumed his life with the suddenness that sent shock waves through the entire world. â€Å"Shortly after noon on November 22, 1963, President John F. Kennedy was assassinated as he rode in a motorcade through Dealey Plaza in downtown Dallas, Texas† (Death). He was readying to fight the Presidential Election for the 2nd term. He had begun to give speeches on a wide range of topics that would enhance the essential dignity of the office of the American President. The important issue of killing of JFK is sensitively related to several subsidiary questions of the possible government cover-up, whether there is any international angle to the assassination and why this gory event continues to bother the American people even after five decades after its happening. President Kennedy was set on a tour of the southern states. Death was inviting him as he was highlighting to his supporters, the significance of support from Florida and Texas and he mentioned about his inclination of visiting the two states. â€Å"On November 21, the president and first lady departed on Air Force One for the two-day, five-city tour of Texas† (Death).The next few sentences that he uttered indicate how relaxed was the President, in the tension-ridden state of Texas, and on careful introspection of his feelings contained in those utterances it appears as if he had the premonition of his death. The president said, "We are still the keystone in the arch of freedom," he said. "We will continue to do†¦our duty, and the people of Texas will be in the lead."(1963) Then the President and the party moved on to Dallas. â€Å"The procession left the airport and traveled along a ten-mile route that wound through downtown Dallas on the way to the Trade Mart where the President was scheduled to speak at a luncheon. Crowds of excited people lined the streets and waved to the Kennedys. The car turned off Main Street at Dealey Plaza around 12:30 p.m.