As we Know that BMW cars comes in high end segment because of its price and quality of product.
MIddle class people can not afford that because of its high price. why?
As per economics what is the concept here,Let's find out?
It's an oligoploy market because very few firms are there like Audi,Mercedeze Benz,Ferrari etc.
But there is very intense competiton.It has monopolistic competition because it is selling deffrentiated product.There are no barriers to entering or leaving the market so it is easy to enter.
when comes to subsititue,very less chances are there because if a high end user consumer is going to buy this they call for quality just like in this segment BMW has competitors like Audi,mercedeez ferrari etc.
MIddle class people can not afford that because of its high price. why?
As per economics what is the concept here,Let's find out?
It's an oligoploy market because very few firms are there like Audi,Mercedeze Benz,Ferrari etc.
But there is very intense competiton.It has monopolistic competition because it is selling deffrentiated product.There are no barriers to entering or leaving the market so it is easy to enter.
when comes to subsititue,very less chances are there because if a high end user consumer is going to buy this they call for quality just like in this segment BMW has competitors like Audi,mercedeez ferrari etc.
No comments:
Post a Comment