Bennington College Admissions Acceptance Rate More

Differentiating Between Market Structures - 1134 Words

Differeantiating Between Market Structures Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives. MARKET STRUCTURE The interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entry into and exit from the market (â€Å"Market Structure†, 2016). There are four basic types of market structure: Perfect competition, oligopoly, monopoly, and monopsony. McDonald’s is one of the leading companies in the fast food industry†¦show more content†¦The reduced cost of purchasing inputs increases their profit margins (Riley, 2011). Another additional advatage would be the improved value of money. McDonald’s would use their bargaining power to drive down the prices for beef, which would then open the price up for more consumers to buy from the company. COMPETITIVE STRATEGIES Dominating the industry is the key at McDonald’s. We do not want to simply have a sizeable sum in the industry, we want it all. There are several competitive strategies that could be used to maximize the profits over the long run. One effective straegy that is used is the speed of service at all location worldwide. In order to make this possible, the process has to simplified and mastered from the cooking of the product to the order taking from the employee. Simple to learn and easy to execute has been a moto used quite frequently in ther restaurants. This has led to an extremely low failure rate. Another competitive strategy would be the low price of our food. Being the cost leaders in the industry is what sets us apart from our competitors. In order to make this happen, the store must be efficent in its day to day operations while keeping food costs down. Our third strategy that will be talked about is the scale of McDonald’s. The best way of ad vertisement is word of mouth. How do you get people to talk about McDonald’s? How about putting over 30,000 units around theShow MoreRelatedDifferentiating Between Market Structures1766 Words   |  8 PagesDifferentiating between Market Structures Jessika Canales Dà ­az ECO /365 08/28/2010 Instructor: SR. Carlos Mà ©ndez David Differentiating between Market Structures In this simulation, the learner studies the cost and revenue curves in different market structures perfect competition, monopoly, monopolistic competition, or oligopoly faced by a freight transportation company, and makes decisions to maximize profits or to minimize losses. The simulation also deals with the concept of Prisoner’sRead MoreDifferentiating Between Market Structures And The Market Structure1239 Words   |  5 PagesDifferentiating Between Market Structures Arthur Levitt once wrote, â€Å"Our markets have not achieved their greatest successes as a result of government fiat, but rather through the efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.(Arthur, Levitt. (2015)) The competitive nature of an industry is what drives our markets throughout the world. An industry consists of all firms making similar or identical products. McDonald’sRead MoreDifferentiating Between Market Structures1598 Words   |  7 PagesDifferentiating Between Market Structures Jennifer Lavallee ECO/365 May 27, 2013 Market structure is the physical characteristics of the market within which companies react. This means that there are different kinds of market structure based on how companies work together within a particular industry. Location and product have the most to do with determining the market structure. There are four defined market types. The first market structure is called the perfectly competitive market. TheRead MoreDifferentiating Between Market Structures1692 Words   |  7 PagesDifferentiating Between Market Structures Using the virtual organization of Kudler Fine Foods, evaluations will be made to determine market structure and competitiveness. Kudler Fine Foods current strategic plan for 2003, marketing overview, and market surveys will provide information to evaluate how Kudler competes in its market and where its strengths and weaknesses are located. Based on the evaluation of Kudler Fine Foods an applicable market structure will be determined and the structures effectsRead MoreDifferentiating Between Market Structures1924 Words   |  8 PagesDifferentiating Between Market Structures Alana Campbell, Dale Fortune, Katrina Beyah, Leonard Cooper University of Phoenix ECO/212 Principles of Economics Donnetta McAdoo December 5, 2011 Differentiating Between Market Structures To understand the economy of today one must understand the different market structures that make up the economy. There are four market structures that define the economic structure within the world’s economy; perfect competition, monopoly, monopolistic competitionRead MoreDifferentiating Between Market Structures1910 Words   |  8 PagesDifferentiating Between Market Structures Don Peterson ECO/365 February 2, 2015 Elena Zee Differentiating Between Market Structures A market structure in economics describes the state of a market with respect to its competition. There exist several different market structures like perfect competition, oligopoly, and monopolies among others. These markets all produce different types of goods or services, like public and private goods as well as common and collective goods. Firms operatingRead MoreDifferentiating Between Market Structures Essay1077 Words   |  5 PagesDifferentiating between Market Structures The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. The author of this paper will cover: the advantages and limitation of supply and demand identified in the simulation, the effectiveness of the organization in which the author knows, and how the organizations in each market structureRead MoreDifferentiating Between Market Structures Essay1105 Words   |  5 PagesDifferentiating Between Market Structures ECO/365 Principles of Microeconomics August 30, 2012 Differentiating Between Market Structures Retail sales are indicators of microeconomic conditions presented in a given area at a particular place in time. Since Sam Walton opened his first Wal-Mart store, Wal-Mart has been making ripples throughout the micro economies of America. Wal-Mart’s market structure is typical of most of our nation’s largest corporations in that they are an oligopoly (BrownRead MoreDifferentiating Between Market Structures Essay1260 Words   |  6 PagesDifferentiating Between Market Structures Yvonne C Rivera ECO/365 May 16, 2013 Paul de la Pena Abstract There are many TV service providers available in the U.S; however there are only two companies that offer services via satellite. Dish operates within the monopolistic competition market. Dish has been in business since the early 1980’s and has gradually worked its way up to become one of the leading satellite provider and innovator of new technology. In 2013 they offer service to overRead MoreDifferentiating Between Market Structures in Kudler1022 Words   |  5 PagesDifferentiating Between Market Structures in Kudler ECO365 â€Å"Kudler Fine Foods was established in 1998 when Kathy Kudler fulfilled her vision of establishing her own gourmet food store. The La Jolla store continues to grow while the Del Mar store has been having some difficulties. The store in Encinitas has just opened, but sales seem brisk.† (Apollo, 2011, Strategic Plan, p. 3) The owner works 7 days a week and performs many jobs from purchasing to stocking shelves. Kudler Fine Foods sees

Rent Musical Essay Example For Students

Rent Musical Essay Theres a scene in the new musical RENT that may be thequintessential romantic moment of the 90s. Roger, a struggling rock musician,and Mimi, a junkie whos a dancer at an S/M club, are having a lovers quarrelwhen their beepers go off and each takes out a bottle of pills. Its the signalfor an AZT break, and suddenly they realize that theyre bothHIV-positive. Clinch. Love duet. If you dont think this is romantic, considerthat Jonathan Larsons sensational musical is inspired by Puccinis operaLa Boheme, in which the lovers Mimi and Rodolfo are tragicallyseparated by her death from tuberculosis. Different age, different plague. Larson has updated Puccinis end-of-19th-century Left Bank bohemians toend-of-20th-century struggling artists in New Yorks East Village. His rousing,moving, scathingly funny show, performed by a cast of youthful unknowns withexplosive talent and staggering energy, has brought a shocking jolt of creativejuice to Broadway. A far greater shock was the sudden death of 35-year-oldLarson from an aortic aneurysm just before his show opened. His death justbefore the breakthrough success is the stuff of both tragedy and tabloids. Suchis our culture. Now Larsons work, along with Bring in Da Noise, Bring inDa Funk, the tap-dance musical starring the marvelous young dancer SavionGlover, is mounting a commando assault on Broadway from the downtown redoubts ofoff-Broadway. Both are now encamped amid the revivals (The King andI) and movie adaptations (Big) that have made Broadway such acreatively fallow field in recent seasons. And both are oriented to an audienceyounger than Broadway usually attrac ts. If both, or either, settle in for asuccessful run, the door may open for new talent to reinvigorate the oncedominant American musical theater. RENT so far has the sweet smellof success, marked no only by its $6 million advance sale (solid, but noguarantee) but also by the swarm of celebrities who have clamored for tickets:Michelle Pfeifer, Sylvester Stallone, Nicole Kidman and Tom Cruise, Mel Gibson,Ralph Fiennesname your own biggie. Last week, on opening night, 21 TV crews,many from overseas, swarmed the Nederlander Theatre to shoot the 15 youthfulcast members in euphoric shock under salvos of cheers. Supermogul David Geffenof the new DreamWorks team paid just under a million dollars to record theoriginal-cast album. Pop artitsts whove expressed interest in recording songsfrom the 33-number score include Whitney Houston, Toni Braxton and Boyz II Men. A bidding scrimmage has started for the movie rights among such Hollywoodheavies as Warner Brothers, Danny DeVitos Jersey Films, Fox 2000 and Columbia. The asking price is $3 million, but bonuses for length of run, the PulitzerPrize (which RENT has already won), various Tony and critics awardscould jack the price up to $3.75 million. Despite these stupefying numbers, theyoung producers, Jeffrey Seller, 31, and Kevin McCollum, 34, and theirassociate, moneyman Allan S. Gordon, know that theyre not home free. Theres no such thing in New York, says Seller. Our companyhas mostly done tours. If you sell 8,000 seats a week in Cleveland, you did agreat job. Never having done a Broadway show, the idea that you have to sell450,000 seats a year is daunting. Major Broadway players like the ShubertOrganization and Jujamcyn Theaters, which lost out to the Nederlander in thefeverish grab for RENT, would love to be daunted like these Broadwaytyros. Rocco Landesman, Jujamcyns president, says hes crushed atnot getting RENT. He predicts the show will be a crossoversuccess; it will attract an ethnically diverse audience, people who are notnormally theatergoers. RENT has a $67.50 top ticket price, butthe producers have reserved the first two rows at $20 and are tagging mezzanineseats at a bargain $30. RENT has a lot riding on itsshoulders, says producer Jim Freydberg, whose Big has justopened. I desperately hope it works. If its successful, were going toget more daring shows on Broadway. If its not, were g oing to get morerevivals. This is interesting, coming from a competitior whose own show,based on the popular Tom Hanks movie about a 13-year-old boy who wakes up on dayin the body of a 30-year-old man, could be said to represent the less daringsector of Broadway. If I really wanted to make money Id go to Wall Streetand invent money, says Seller. I came to Broadway because I wasexcited by the question Can you challenge the mainstream? Can you reinvent themainstream from inside the mainstream?' Says McCollum: It would bedisingenuous to say we dont hope to make money with RENT. But Im herebecause I love the living theater. As Gordon puts it, Were tryingto reinvent how you spend money on Broadway. We have no limos. They dont wantus at any glitzy restaurants. The weird thing is that when these hyped-up,fresh-faced guys say these things, you find yourself believing them. .uda21436372ea050c7aed9e9b5d784350 , .uda21436372ea050c7aed9e9b5d784350 .postImageUrl , .uda21436372ea050c7aed9e9b5d784350 .centered-text-area { min-height: 80px; position: relative; } .uda21436372ea050c7aed9e9b5d784350 , .uda21436372ea050c7aed9e9b5d784350:hover , .uda21436372ea050c7aed9e9b5d784350:visited , .uda21436372ea050c7aed9e9b5d784350:active { border:0!important; } .uda21436372ea050c7aed9e9b5d784350 .clearfix:after { content: ""; display: table; clear: both; } .uda21436372ea050c7aed9e9b5d784350 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uda21436372ea050c7aed9e9b5d784350:active , .uda21436372ea050c7aed9e9b5d784350:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uda21436372ea050c7aed9e9b5d784350 .centered-text-area { width: 100%; position: relative ; } .uda21436372ea050c7aed9e9b5d784350 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uda21436372ea050c7aed9e9b5d784350 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uda21436372ea050c7aed9e9b5d784350 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uda21436372ea050c7aed9e9b5d784350:hover .ctaButton { background-color: #34495E!important; } .uda21436372ea050c7aed9e9b5d784350 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uda21436372ea050c7aed9e9b5d784350 .uda21436372ea050c7aed9e9b5d784350-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uda21436372ea050c7aed9e9b5d784350:after { content: ""; display: block; clear: both; } READ: Minimal Art EssayRENT completes a fortuitous trilogy begun by Hair in1967 and continued by A Chorus Line in 1975. These breakthroughmusicals deal with marginal Americans 60s flower children, theblue-collar gypsy dancers of Broadway, and now in RENT the youngpeople who follow a dream of art in a cold time for spirit and body. Larson, whowas a denizen of New Yorks down under, evokes in swirling detail the downtownscene that is a paradoxical mix of wasteland and community. The homeless, theaddicts and alkies move like oracular nomads among the artistes (asa homeless woman scornfully calls them), who dont know where their next rentcheck is coming from, or their next inspirati on for a song or a picture, or thenext lethal raid by the specter of AIDS. Yet RENT is a thrilling,positive show. In a rich stream of memorable songs, Larson makes true theatermusic from the eclectic energies of todays pop-rock, gospel, reggae, salsa,even a tango. The RENT story began in the summer of 1992, whenLarson, riding his bike down Fourth Street in the East Village, passed the NewYork Theatre Workshop, which was in a mess with a major renovation. Hestuck his head in the door, says James Nicola, the artistic director ofNYTW. He looked in and thought, This is perfect.' What was perfectwas the extraordinary NYTW stage, 40 feet wide and 30 feet deep in a house thathad 150 seats. Its actually a larger stage than the Nederlanders. Jonathan always wanted to walk a fine line between being the iconoclastand the person that descends from the tradition and reinvents it, saysNicola. Our space brought together all these things. It was a greatphysical expression of what he wanted. The next day Larson cycled back anddropped off a tape of songs he had written for RENT, all sung byhim. I listened to a couple of songs and immediately knew this was a rareand gifted songwriter, says Nicola. The four-year process of creatingRENT had begun. A director, Michael Greif, was brought in, a crucialstep in the shaping of what was more of a collage than a play. I wasanxious to neutralize Jonathans emotionalism and bring in some irony,says Greif, a 36 year-old who is now the artistic director of the La JollaPlayhouse in California. Jonathan was such a wet guy emotionally,says Greif with a laugh. He was exuberant, childish in all the good andbad ways. He had this enormous capacity for joy. Hed write a song and say Ilove it! And Id say, Guess what? I dont.' The process continued,helped by a Richard Rogers Award of $50,000 (for which Stephen Sondheim,Larsons idol and inspiration, was a judge). At a workshop production seen byBroadway producers, Seller and McCollum were blown away by what they saw andheard. It was a work that took Larsons wet emotionalism and turnedit into a fountain of unchecked melody and rhythm. Although he calledRENT a rock opera, it has a much wider range than rock, and thescore is not a series of discrete bursts of music. From the title number, afierce outcry is a world where Strangers, landlords, lovers/Your ownbloodcells betray, the music sweeps Larsons characters the principalsand a wonderful ensemble of shifting figures into a living tapestry of hope,loss, striving, death and a climactic resurrection. Larson takes Puccinis youngbohemians and refashions them into Roger (Adam Pascal), a pretty-boy rockerdesperate to write one great song before AIDS kills him; Mimi (DaphneRubin-Vega), a dan cer doomed by drugs; Maureen, a performance artist (IdinaMenzel), and her lesbian lover Joanne (Fredi Walker); Angel (Wilson JermaineHeredia), a drag queen also doomed by AIDS, and his lover Tom (Jesse L. Martin),a computer genius who fears the cyberfuture; Ben (Taye Diggs), the landlord in aworld where lords shouldnt land; and Mark (Anthony Rapp), a nerdy video artist(and Larsons surrogate) who narrates all the interweaving stories to theaudience. In songs like Angel and Toms Ill Cover You, and Mimi andRogers Without You, Larson exalts love as the force that binds hischaracters into an extended family who care for each other with all the manyvarieties of love, from sex to friendship to compassion. Take Me or LeaveMe is a fiery and funny duet for Maureen and Joanne, each insisting on herfierce individuality. The onstage band led by Tim Weill drives not only theirresistibly singable score but the explosively witty choreography of MarliesYearby, who makes every move a flesh-riff of th e life force itself. Like all thebest popular art, RENT dares you to feel sentimental, showing howsentimentality can be turned into an exultant sweetness without which life is agrim mechanism. Puccini had his Mimi die. Larson sends his Mimi to the point ofextinction and brings her back. There are deaths in RENT, but Larsonneeded to balance that with a rebirth. His own death before he could really seehow well he had done in an unbearable irony. He left us singing. .u87fc908476c9ff98213912ad60910081 , .u87fc908476c9ff98213912ad60910081 .postImageUrl , .u87fc908476c9ff98213912ad60910081 .centered-text-area { min-height: 80px; position: relative; } .u87fc908476c9ff98213912ad60910081 , .u87fc908476c9ff98213912ad60910081:hover , .u87fc908476c9ff98213912ad60910081:visited , .u87fc908476c9ff98213912ad60910081:active { border:0!important; } .u87fc908476c9ff98213912ad60910081 .clearfix:after { content: ""; display: table; clear: both; } .u87fc908476c9ff98213912ad60910081 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u87fc908476c9ff98213912ad60910081:active , .u87fc908476c9ff98213912ad60910081:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u87fc908476c9ff98213912ad60910081 .centered-text-area { width: 100%; position: relative ; } .u87fc908476c9ff98213912ad60910081 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u87fc908476c9ff98213912ad60910081 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u87fc908476c9ff98213912ad60910081 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u87fc908476c9ff98213912ad60910081:hover .ctaButton { background-color: #34495E!important; } .u87fc908476c9ff98213912ad60910081 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u87fc908476c9ff98213912ad60910081 .u87fc908476c9ff98213912ad60910081-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u87fc908476c9ff98213912ad60910081:after { content: ""; display: block; clear: both; } READ: Subliminal Messages EssayRENT is his song.