Business, 18.02.2021 17:50 tts313

The Case: The hairdressing industry in Pakistan is flourishing day by day. There are certainly lots of hairdressers and each of the hairdressers has a slightly different type of skill. Some salons only cut, some only provide color services, some only do natural hair, some do all types, etc. Also, they have different premises situated in a different location where they provide the services. The prices offered by the hairdresser depend on the services offered by them and its uniqueness. If the particular hairdresser is known for providing the best services in the particular market then he can increase the prices of his services as he knows that consumers can pay slightly more amount of money for his superior services. There is relatively a low barrier for entry and exit for setting up a new hairdresser shop. Requirement: Read the above scenario and explain in which market structure ‘the hairdressing industry’ falls and how?

Answers: 3

Show answers

Another question on Business

Business, 23.06.2019 02:10

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?

Answers: 1

Answer

Business, 23.06.2019 20:00

Abrief overview of your company's strengths, weaknesses, opportunities, and threats is called a branding strategy. financial evaluation. paranoid scenario. situational analysis.

Answers: 1

Answer

Business, 24.06.2019 06:00

Which of the following is true regarding checking accounts?

Answers: 1

Answer

Business, 24.06.2019 08:10

Arecent college graduate has obtained employment at a major financial institution in the big city. since she just graduated, she has decided to continue to rent her college apartment in the suburbs and make the daily commute to the big city for work. she currently pays $1,000 per month to rent an apartment in the suburbs. she works at the bank five days a week and it takes her one hour each way to commute from her home to her office. according to the assumptions of the bid-rent model, what should this recent grad be willing to pay in rent per month to live in the big city if her hourly wage rate is $20? (in your calculations, assume there are four weeks in a given month.)

Answers: 3

Answer

You know the right answer?

The Case: The hairdressing industry in Pakistan is flourishing day by day. There are certainly lots...

Questions