Describe the level of competition the organization will face if under each of the following market structures: Oligopoly Perfect competition Monopoly
. McDonald’s prioritizes employees as its top stakeholder group. The interests of these stakeholders include career development and fair compensation. McDonald’s addresses these interests through a number of training and development programs. For example, the company maintains Hamburger University, which is a training facility for its personnel. McDonald’s also has a global mobility policy that supports leadership development. However, the company pays low wages that are almost down to the level of the legal minimum wage, even when employees keep demanding for higher wages.
August 7, 2017. What formal or linguistic devices are used in “The Secret Miracle” to create the illusion of time prolonging? Elaborate.
August 7, 2017Describe the level of competition the organization will face if under each of the following market structures: Oligopoly Perfect competition Monopoly
will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the organization’s ability to earn an economic profit over time and evaluate the effectiveness of the organization’s competitive strategies.
Select an industry. Identify an organization in that industry. .
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives.
Describe the level of competition the organization will face if under each of the following market structures:
- Oligopoly
- Perfect competition
- Monopoly
- Monopolistic competition
Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the effectiveness of these strategies in the market structure you identified. Consider the following:
- Expected changes in supply and demand
- Price elasticity of demand
- Market structure
- Government regulations
Make recommendations related to the strategies the organization might consider to maximize its profits and consider the following:
- What are the ethical implications of these strategies?
- Does this strategy align with the organization’s current values?
- Does this strategy align with your own values?
Cite a minimum of 3 peer reviewed sources.
Select one of the following two assignment options:
Option 1: Paper:
Write a 1,400- to 1,750-word paper.
