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Annual profits decrease
in a perfectly competitive industry
markets with high start-up costs are less likely to be perfectly competitive.
the adult film industry
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
An effective organizational structure can create a competitive advantage by
Annual profits decrease
An increase in demand for the company's stock
in a perfectly competitive industry
Most likely for competitive purposes.
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markets with high start-up costs are less likely to be perfectly competitive.
Price, service and location can contribute to a company's competitive edge. Sometimes, one of the above elements is enough but should be weighed against other factors. A price that's low in comparison to XYZ Mart gives a business an advantage. Many people will go out of their way to find a bargain. A company's service is like a business card. It represents you, your business. A company with quicker service and good results could have a competitive edge. A company that's easily accessed has a competitive edge. People are likely to do business where there's no hassle getting to and from a location. Still, all elements have to be looked at in totality.
Capabilities are more likely source of competitive advantage, especially relatively sustainable ones. A key reason for this is that the organization's nurturing and support of core competencies that are based on capabilities is less visible to rival and as such is harder to understand adn imitate. Only when a capability is Valuable,Rare,Costly to imitate and Non-Substitutable is a core competence and is a source of competitive advantages.
Capabilities are more likely source of competitive advantage, especially relatively sustainable ones. A key reason for this is that the organization's nurturing and support of core competencies that are based on capabilities is less visible to rival and as such is harder to understand adn imitate. Only when a capability is Valuable,Rare,Costly to imitate and Non-Substitutable is a core competence and is a source of competitive advantages.
yes
As far as we can ascertain nothing physical can endure forever. As to when the world will end it is impossible for us to say but it likely will someday.