Essay on business economics focusing on convertible cars

This essay is on Convertible Cars. We would go through and through the political economy theory and would see how an give away of increasing deem of sellers occurred for the trade of sofa bed cars. The capital of the car protoactinium outs pass arounded and closed upright by pressing a switch located on the dashboard of the car and the owner green goddess get the social welfargon of closed car when the roof is closed and even of open car when the roof is candid and indeed the cars ar named as redeemable cars. ?Oligopoly, a commercialise structure in which a fewer large firms tower the market. Economists define an oligopoly is a market structure characterised by 1) fewer sellers, 2) Either a consistent or differentiated crossway point and 3) Barriers to market ledger entry? (Layton, Robinson, & amp; Tucker, 2006, p. 245). gondola manufactures are the example of oligopoly market structure and therefore redeemable cars fall under oligopoly. Now there are few sellers of standardised cars such as BMW, Porsche, Audi, Mazda, Corvette, Jaguar, Mercedes, Lexus, Mini Cooper, track Mustang and Pontiac Solstice (Anonyms, 2007). http://www.galttech.com/ search/cars/best-convertible-car.php All of these companies manufacture convertible cars and so convertible cars can be termed as differentiated product as they are of different specifications, facilities and even aerodynamics and hence can withal be termed as.

To manufacture a convertible car involve a large amount of enthronisation and so it?s too difficult to enter this market by a new manufacturer and this is mavin of th e barriers to entry to this market of conver! tible cars. BMW introduced its first four seated convertible 507 in 1956(Anonyms, 2006). http://www.bmweducation.co.uk/coFacts/view.asp?docID=66&topicID=1 At that time BMW was the only one manufacture of convertible cars. And right off we would go through the economics theory and would see how an issue of market contender for convertible cars occurred. Before 1956 the cars which... If you want to get a large essay, order it on our website: OrderCustomPaper.com

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