Sign In
Not register? Register Now!
Essay Available:
Pages:
3 pages/≈825 words
Sources:
3 Sources
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 12.96
Topic:

Congestion Auto: Conclusions and Recommendations (Essay Sample)

Instructions:

1. economic conclusions. 2. possible solutions.
there is some vocabulary and the concept, please use it as much as possible in the essay
because the professior require no more than 1000 words, so please make sure it is more than 900 words. thank you very much!!
also please delivery it for me before 12pm on thursdays toronto time. thank you so much!
frighting ! hope i ll get a good grade

source..
Content:

Congestion Auto: Conclusions and Recommendations
Name:
Institution:
Course:
Tutor:
Date:
Congestion Auto: Conclusions and recommendations
1 Conclusions
The improvement in economic performance of the country has led to a rise in the standards of living of most people. This improvement has seen an expansion of the middle-class who consider purchasing of items such as automobile as a necessity. Automobile firms have noted this high demand for automobiles among the people with a high level of disposable income and have kept on introducing into market different new models in order to keep the demand for automobiles high. This is a form of product differentiation which enables the firms as per the market theory to make a reasonable profit as people tend to like purchasing each new model of automobile that comes in the market. Notably, each firm in a perfectly competition such as the one in the automotive industry identifies a small population (market niche) which it tries to satisfy as well as maximize its profitability within this market at minimal costs. This is what is known as market perfection or optimization. The optimization of an automobile market ensures that a firm is able to enjoy economies of scale. According to Olavarrieta and Friedman (2008), in highly competitive markets, firms can imitate innovations such as copying vehicle model shapes from competing firms or even the sources of their competitive advantage, so as to have a same leverage in terms of cost and revenue. The high competition in the automotive industry has led to reduction of automobile prices, which has had its socio-economic impact. To begin with, there has been a high level of unprecedented congestion of vehicles on the roads that before. This is because, the rate at which consumers are buying vehicles does not correlate with the level of expansion of roads and parking spaces.
In reference to market size and reach, the central place theory identifies three major market layers, namely; large, medium and small, which is determined by the variety of goods that are present in each market. In the larger markets such as major cities such as Toronto, the level of congestion is high compared to medium cities and smaller cities in the upcountry. This means that, the smaller markets or cities have a low number of vehicles closely related to the lower number of people with high disposable income living in them. This explains the logic why consumer tends to move from one small market to another bigge...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • The Transaction Costs Theory of the Firm
    Description: Undergraduate Essay: The Transaction Costs Theory of the Firm...
    5 pages/≈1375 words | 15 Sources | APA | Business & Marketing | Essay |
  • Essay Writing: International Business Trend
    Description: Businesses are continuously influenced and shaped by consumer incentives together with economic developments. There are constant evolutionary changes in the world of business today....
    4 pages/≈1100 words | 2 Sources | APA | Business & Marketing | Essay |
  • Strategic Planning in Sports Apparel?
    Description: Research and development with a vision to create high performance and reliable products is the strongest, a brand that can prove its reliability to the client is easy to sell primarily for sporting apparel...
    1 page/≈275 words | No Sources | APA | Business & Marketing | Essay |
Need a Plagiarism Free Essay?
Submit your instructions!