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This business proposal concerns the introduction of a new private health insurance scheme in the country which will cater to the varying needs of the low to middle income group residents of the United States of America.
An oligopolistic market is a market structure in which a handful of firms compete and overshadow. The insurance market in the United States of America is a highly competitive market. As per the principles of Economics, when a market sector is communicably connected between few dominating firms, then it becomes a highly competitive market. In an oligopolistic market, although a few companies dominate, there remains a possibility of a number of small companies operating in the same market. For example, in the health care insurance market of the United States of America, there are multinational companies like Blue Cross organizations, Etna and Kaiser who are the main players in the sector. However, in addition to this, there is also some small scale independent health care insurance coverage provided as a part of creating a support system for the low income groups of people. Also, there are small private insurance companies which provide specialty insurance services for disabled and needy people (Economics Online Ltd, 2014).
This business proposal is focused on the emerging and existing demands in the market related to health insurance coverage. Also, the factor of the significance of health insurance coverage for the consumers and the manner in which premiums and coverage for these plans change in order to adapt to the external competitive environment are taken into consideration in the selected business proposal. A necessity of examining the results of certain quality metrics related to demands in the health care insurance market has been identified in the insurance market of the United States. The
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India, as an emerging economy is increasingly attracting investor throughout the world to her shores. The service sector in India, which is one of most attractive sectors in India in terms of FDI inflows, provides immense opportunity for Practicus. The business proposal has looked and analyzed the various aspects in relation to doing business in India such as economic, political, legal, trade and cultural aspects.
Tata Group is recognized globally for ensuring leadership with trust which engages people all around the globe to be a part of various endeavors of the organization. Tata Group performs its business activities in collaboration with various departments of health, environmental conservation, education, training of youth, sustainable development, women and child development.
The company would offer few of the proposed services for its customers and then depending on the increase in demand for other services in the market, the company would hire more specialists to handle other services. And the management team of the company would be formulated to help in the utilization of its resources in a most effective way.
In order to accomplish the desired goals of the project, we would like to request for your permission to conduct a study associated with the population around the university campus. The major themes of this project would be focused on addressing present healthcare issues along with ensuring educational support to the targeted population.
In order to start a business, an investor needs to formulate a good and workable business plan. It should include a detailed account of the business’ vision, mission, objectives and what the business is going to venture into. This business plan should be convincingly workable since can help in securing loans for the business capital (Norman, 1999).
based on my own personal study and research, and that I have acknowledged all material and sources in the preparation of this assignment, whether they be books, articles reports, lecture notes, any other kind of document or personal communication.
I also certify that this
However, with improved technology and globalization, a lot of competition has emerged. This competition is visible in the automobile industry where new brands are being created each day. In its expansion to the China market, the Mercedes-Benz company