This oligopoly power allows firms to dictate and decide product prices in the industry. ... As the Big Three are therefore considered to be the sole producers of certain goods, they face downward sloping demand curves, which allow them to manipulate prices in order to create and maintain large super-economic profits, even in the long run. ... This is illustrated by the diagram below: Moreover, consumer interests are further harmed through "bundling" practices - the forced sale of necessary complementary products (such as lenses flashes, mounts, and housings) which suppliers also us...

• Word Count: 1435
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

A joint venture is typically a contractual arrangement that allows the partnering firms to create relationships for specific business initiative with cost, finality and complexity (Deloitte 2010; Sparling & Cook n.d). ... Types of Strategic Alliance Structures Strategic alliances take different forms such as minority equity alliances, joint ventures, joint marketing and promotion, joint research and development, enhanced supplier partnerships, licensing agreements and distributing agreements (Fig 3). ...

• Word Count: 1513
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

Less obviously, even a country that is not the best in the world at making anything can benefit from free trade because it allows them to devote their resources to whatever it is that they are relatively good at and buy in everything else. ... Allowing free trade sends price signals that encourage people to work at what they are best at, a strategy that benefits everyone over the long term. ... Globalization makes production more efficient, thus allowing a greater distribution of wealth around the world as new production processes are introduced to developing countries. ... In being able to ch...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate