COMPANY WITH 5 ECONOMICS PRINCIPLE LIKE ( RAYMOND )

                                           RAYMOND

1.Demand increases Price increases 

as raymond is one of the brand product , people have more trust , so if the demand increases than price will increase automatically .

2.Supply increases Price increases

as supply increases with respect to the increase in demand .Therefore to meet the customer demand and need the supply increases so the price will also increase as per to achieve for profit .

3.Opportunity Cost 

in a shop where Vimal , Peter England and Raymond all types of suit brand is available . so customer bought 5m Vimal cloth and 5m Peter England . as you want only Raymond 10m cloth but now buying an extra cloth of Vimal is opportunity cost . 

4.Perfect Competition 

here , the product is mostly in textile products but can be in different products for branding cloths (jeans , shirts ), personnal care (Park Avenue , and Kamasutra ) . so it is in competitive market with Vimal , Siyaram , Manawar etc .

5. Indefference Curve

as the Raymond , Manawar , Vimal all are the textile products . so what ever be the choice of selection among all the brand will ultimately give the same satisfaction as they all yeild the same level of utility and usatisfaction .