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Google Chrome is mainly used as a search engine enabling the internet users to search all types of fully and partially available information in the shape of books, magazines, journals, newspapers, blogs and other pertinent required information. In addition, Google Docs provides…
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Download file to see previous pages... In addition, it is important to mention that demand factors vary from consumer to consumer because every internet user has different expectations from the Google services and products as well. As a result, no single demand factor can be termed as a unique demand factor for Google products.
According to say’s law, supply creates its own demand (Daly and Farley, 2004.p.26). Based on this law, it can be deduced that Google products create their own demand which subsequently convince firm to provide a steady supply of Google products. For example, before the launch of Google glasses, there was no demand for nor was supply of Google glasses. However, after its entry into markets, its demand is rising along with the supply.
To operate either Google Chrome or Internet Explorer, use of computer and the latest mobile phones is highly essential. Without using computer or mobile phone, it is not possible to operate these products. Consequently, computer and mobile phone are known as complements for Google Chrome.
It is expected that the demand for Google Chrome, Google Docs, and Google Scholar will largely remain elastic in the long run although some price is paid by consumers in the shape of the Internet, mobile devices and computer usage as well. However, these costs are indirect and they do not affect the elasticity of Google products, such as Google Chrome, Google Docs and Google Scholar as well.
Google is a technology-based firm. It mainly uses technology for carrying out its routine business functions in which its employs different cost-effective methods for cost minimization and profit maximization. Without the use and application of technology, it is almost impossible for Google to operate or produce goods or services or provide services to Google consumers.
Google operates in the oligopoly market structure. Oligopoly is defined as a market structure in which following ...Download file to see next pagesRead More
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