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Digital book reader and synthetic listening technology seeks to enter the market amidst tight economic barriers and market conditions that requires critical analysis of relevant economic analysis concepts that include market structure and the elasticity of demand. The firm is focused on delivering customer-focused product that will be considered affordable, efficient and reliable. In its bid to turn tables on the existing competition, it calculates its move in respect of the market structure in which it falls. This is seen to affect it’s pricing and the general non-pricing competitive strategy in the digital book reading and listening industry.
Digital book reader and synthetic listening technology has relatively larger number of competitors. Some of the alternative firms in this industry include Amazon Inc., and other firms that can convert the printed word into audio. This firm will therefore fall in a monopolistic market structure where competition is significantly high. It seeks to differentiate its product by creating an authentic voice in audio conversion of the written text to the customer. Although there exists products that can also transform text to voice, they sound inhuman and this will give Digital book reader and synthetic listening technology an opportunity to create its own design and completely different experience to the user (Barclay, 2012). It differentiated product aspect will give it an upper hand in giving a price that is based on marginal cost. The increasing substitutes of similar products bring in the concept of elasticity that this product must consider. For instance, there are competing products that also convert textbook writings into digital audio form, which presents a close substitute to Digital book reader and synthetic listening technology. This means it will be operating in a highly elastic market where price changes carry significant consequences in terms of its
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However, like all things, there is room for much improvement. This business research proposal will explore several problems that, I as a customer, have recognized at this particular location, suggesting solutions the organization could implement to remedy the situations.
This has been achieved through strategies that were formulated to increase the revenue earned by the company. These strategies were; to increase on the quantity sold, through increasing the expenditure of the customers. The managerial department has ensured quality design, employment of quality and qualified labor in order to make the production process efficient and successful.
The products are meant for individuals regardless of their age, gender, social or ethnic backgrounds. The concept is therefore built on the basis of providing value for money to all clients so that they make Lexiliap Fashion Boutique their choice destination for all their fashion ware and accessories’ needs.
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.
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The restaurant shall be operated by Taco Bell operated and managed by an independent franchise (OFallon, 2011). The food chain company has an elaborate experience in the food industry for close to seventy years. The Taco Bell
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