Bata's Five Concepts of Economics

BATA

1) People respond to incentives: -

          In festival they offer discounts and many other offers to attract customers.

2) People face trade off: -

          There are many footwear brand available in market and many people come to purchase from Bata due to the discounts, and then they tread off other brands.

3) Opportunity Cost: -

          We select among two companies Bata and SreeLeathers but Bata has more cost and Comfortable so we leave ShreeLeather and select Bata, here ShreeLeathers is the Opportunity Cost.

4) Low of Supply: -

          In festival seasons supply is more so that the price is also high during those time.

5) Monopolistic Market: -

          There are many footwear brands but Bata have some unique features so customer choose Bata.