Nobody downloaded yet

The Benefits from Competition - Some Illustrative UK Cases - Case Study Example

Comments (0) Cite this document
This paper "The Benefits from Competition - Some Illustrative UK Cases" focuses on the fact that the UK was amongst the first nations in Europe to implement formal competition policy, more than 50 years ago but this area of policy has not been recognized as the most absorbing part of Economic study. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
The Benefits from Competition - Some Illustrative UK Cases
Read TextPreview

Extract of sample "The Benefits from Competition - Some Illustrative UK Cases"

Download file to see previous pages The old system for scheming restrictive agreements, the Restrictive Trade Practices Act, lasted some 44 years from 1956 to 2000. This was a system that moved between and mixed up; form and effects-based approaches with almost reckless dump.
In the United Kingdom, two main acts of legislation - the Competition Act of 1998 and the Enterprise Act of 2002 - have brought the EC's prohibition system to the UK, altered the name of the old Monopolies and Merger Commission to the Competition Commission and given it new powers. For example, they have criminalized price-fixing, created a specialist appeal and review court for anti-dependent cases and eliminated the old "public interest test", replacing it with a narrower, effects-based "substantial lessening of competition" test. At the same time, the two major competition policy bodies in the UK - the Office of Fair Trading and the newly renamed Competition Commission - have expanded, developed new areas of expertise and, possibly most adventurous of all, they have both been put into the hands of professors of economics.
Competition is basically a practice of rivalry between various organizations, each of them is looking for to succeed customer's business. This competition may take place in a variety of behaviours - some firms try to win on cost, some spotlight on raising the worth of presented products or services, while still others use entrepreneurial dexterities to build up new products or services (J. Sloman, 2003). When ‘struggle’ is dynamic, this competition indemnifies that no part of the marketplace left uncharted; no facet of the offer made by manufacturers to customers left untested. The results of this are that values and worth will naturally be down to a competent level of overheads, a range of product contributions will arrive at the marketplace that bouts the heterogeneity of customer requirements and flavours, and the pace of advances will be great (J. Sloman, 2003).
Significantly executives in such marketplaces have only restricted power over their settings (J. Parkin, et. al., 2004). They regularly have to do something when they are not prepared for it; they every so often require doing things rapidly and not competently than they believe that they must be done. The continuous go-getting between competitor organizations in a cutthroat marketplace can occasionally cause some misuse and doubling-up, and the entire thing frequently appeared to produce a somewhat messy thing (J. Parkin, et. al., 2004). Many executives, though intellectually and sensitively dedicated they are to challenge, recognize that they can perform better. For them, the rivalry is not only strenuous, but it is also wearisome. And certainly, earnings are fairly harder to make in such marketplaces than they are in monopolistic marketplaces (K.A. Crystal and R.G. Lipsey, 2004). For example, a most prominent case of Tesco who monopolizes the retail market in the UK, in spite of having an obvious monopoly with 30% of the marketplace (a monopoly is defined normally as above 25%), its growth has gone unchecked by Competition Commission. The profits of 2bn have been at the outlay of farmers and other contractors who have had to tackle deteriorating prices, and small stores losing their local marketplace shares. Tesco is now the largest retailer with more than 2,300 stores globally. That could simply wash out some corporations' earnings, which consecutively could have grave effects for their share value, and might even make them defenceless to the take-over.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(The Benefits from Competition - Some Illustrative UK Cases Case Study, n.d.)
The Benefits from Competition - Some Illustrative UK Cases Case Study. Retrieved from
(The Benefits from Competition - Some Illustrative UK Cases Case Study)
The Benefits from Competition - Some Illustrative UK Cases Case Study.
“The Benefits from Competition - Some Illustrative UK Cases Case Study”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Benefits from Competition - Some Illustrative UK Cases


...? Full Paper Case Strategic capabilities are the core services and competencies that are essential for an organization to gain competitive advantage in the market. ‘Category Manager’ was the most significant addition to eBay as it directs the 23 major categories and 35,000 sub categories from all domains including jewellery, sports, watches and even jet planes. Moreover, in order to know the customers, feedbacks are free without the requirement of incentive as compare to other online websites offering referrals. The voice of the customer group of e Bay that is used for gathering customer input is not dependent on the web. Teleconferences are held for teaching the staff that facilitates the employees to...
7 Pages(1750 words)Essay


...? Marketing Case Studies (College) Airbus When Airbus was set up in 1970, it found it a tough task to break into the aircraft industry which was dominated by US aircraft manufacturers like Boeing. There was strong opposition from the part of other manufacturers and the US government. It was alleged that Airbus was resorting to unfair policies like heavy price cuts to beat off the competition. Another allegation was that Airbus was receiving huge financial support from four European governments with no repayment conditions. At the end of the argument, an agreement was reached between European governments and US government that Airbus would not be given more than 33% of the total development cost as...
5 Pages(1250 words)Essay


...higher prices for the same shares and loses more than they would actually have lost. These regulations have led to market imbalance in some cases. If the amount demanded and supplied is the same and the regulations bring about a fall in the prices, then the supply will reduce and the demand will increase. To solve these imbalances, there have arisen cases of black markets and other dubious means of avoiding the effects of the regulations. Monopoly market structures are the most affected by these regulations as they work independently. The government advocates for the customers to have access to their information, set the price controls and also regulate their operations in the countries...
3 Pages(750 words)Essay

Competition Faced by Magiqads in the UK

...advertising space. The winner, CBS Corp., promised to install hundreds of television screens and projectors to beam advertisements on the walls. It spent years developing a way to stick up posters without glue (Aaron O. Patrick, 2006). This reflects the changing scenario and increasing competition in the outdoor advertising market in UK. Companies are trying to outdo their rivals by providing new, creative, and innovative techniques at a price better than others. In this kind of scene, if Magiqads have to survive and succeed, it will have to create a niche for itself by providing best and innovative services at a price that beats its competitors. Some of the leading outdoor advertising...
5 Pages(1250 words)Essay


...TOPIC: Competition is generally regarded a good thing for any economy. Agencies like the Competition Commission are working hard to ensure competition within UK. Yet we see that global competition has forced many British manufacturing firms to shift their production to China causing unemployment at home. If this is the case, would you still give your stamp of approval on competition INTRODUCTION Competition is what keeps the market move at such a volatile pace. There will always be a winner and a loser in a competitive environment. There are many agencies, however, like the...
5 Pages(1250 words)Essay

Reforms in Competition Policy in the UK

...are strengthened so that businesses can become viable in the global market. Competition policies are designed to ascertain that the financial market is opened up. Besides this, it also floats the country’s currency and decreases trade barriers. There are a number of direct benefits that come out of competition policies to businesses; some of these include low costs for utilities like electricity, telephones and other telecommunication charges. Transportation costs are also reduced like rail freights and port. (Khoury, 2004) However, country’s undertaking such policies should be aware that this involves a high cost to them. There are a large number of parties that are...
5 Pages(1250 words)Essay

Competition and Competition Policy

...of the case: Blue Beer plc is an important producer of beer in Newcastle. Statistics shown that Blue Beer plc accounts for some 12% of all beer sold in the United Kingdom but that its Bluelite plc is especially successful and accounts for 40% of all non-alcoholic beer consumed in the UK. Blue Beer has been negotiating with County Beers Ltd with a view to merger. County Beers is the principal other producer of non-alcoholic beers and after merger the new company, British County Blue, will control 65% of the market in non-alcoholic beer Competition and competition policy: The overall policy of the European Union of competitive practices...
18 Pages(4500 words)Essay


..., it is shown that the employer did not take into account her special needs and concerns and as a result, this woman experienced an efficient decrease in remuneration. The employer made an emphasis on an employee’s incompliance with the terms of the contract and the employee had to accept the repudiation. This case illustrates a harsh, unjust and unreasonable dismissal and the employee, who was awarded $25,821 compensation. Question: which factors should be taken into account in order to avoid an unfair dismissal of an employee? There is a need to focus on de facto and de jure agreement of a contract; the assessment of the contract repudiation, the “termination at the initiative of the employer” means...
3 Pages(750 words)Essay

Using illustrative examples, examine why competition authorities might be concerned about the way large companies behave

...Using illustrative examples, examine why competition ities might be concerned about the way large companies behave? Competition ities bear the responsibility of enforcing Competition law that ensures that businesses do not carry out unfair trade practices or unfair competition (The Competition Authority (a), 2013). Competition law’s primary objective is improving the efficiency of the economy, so that consumers benefit from lower prices, better product quality and enhanced product choice made possible through competition. It achieves this goal by preventing businesses from manipulating...
1 Pages(250 words)Essay


...and consumers’ preferences, Gap 360 aims at repositioning the brand with the help of current marketing plan and strategy. It is perceived that by implementing the marketing campaign, Gap 360 would be able to transform itself from a low-mid level gap year travelling business to a mid-high level gap year travelling brand. The competition of the business stems from other travelling and tour operators. The pricing strategy of Gap 360 at the moment is a cost plus pricing strategy, which is considered as a medium/high pricing of the services. An average gap year traveling package offered by Gap 360 ranges between £3,500 and £5,000 whereas an average travelling and tour package offered by other tour operators in England costs...
25 Pages(6250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic The Benefits from Competition - Some Illustrative UK Cases for FREE!

Contact Us