A Study Of The Flawed Competition Market Of Skechers Sdn. Bhd

A Study Of The Flawed Competition Market Of Skechers Sdn. Bhd Imperfect competition market is a market where there are one or several vendors who dominate the market or prices, as well as few buyers dominates a market or prices. Imperfect competition does not followed some rules of of perfect competition. When dealing with imperfect competition the equilibrium price can be influenced by the actions of agents. In imperfect competition the price of goods can increase above their marginal cost and thus have customers decrease their level of purchase, and so reach inefficient levels of production. The existence of the various parties that dominate the market or the price of goods and services will produce diversity forms of imperfectly competitive market. In general, the types or forms of imperfect competition markets is monopoly market, olygopoly market, monopolistic market, monopsony market, and oligopsony market. Skechers Sdn. Bhd is the type of imperfect competition. Skechers Sdn. Bhd is company that offers a high-performance footwear brand. They designs, developes and market more than 3000 styles who are design for men, women, and kids. The company sells its footwear in department, speciality and independent stores, as well as more than 1100 company-owned Skechers retail stores as well as online bussiness at skechers.com.the company’s success stems from it’s high quality, diversified, and affordable product line that meets consumers variuos lifestyle needs. Based on the investigation that we made Skechers Sdn. Bhd use monopolistic competition to market their product. It refers to that market in which many producers produce goods which are close substitutes of each other. The number of producers is sufficiently large and each one of them produces goods which are similar, but not the same. The term used to describe this is product differentiation. This market we often meet when we visit the supermarket. There we will find a variety of forms, types and brands of similar but not identical. Physicall difference means that the product of one firm is physically different from the other product of other firms. Physicall differentiton is done through differences in materials use, design, colour etc. For example, Skechers, Adidas, and Nike are a footware brand that offers same product in market. Although all shoes have same functions which is to protect feet from injuiry, but every product produced by different manufacturers have the specific cha racteristics of their own product. Skechers use physically differentitiation product to compete with other footwear manufactures this can be proof when they offer a wonderfull design, comfort features, offered with variety of colors , and a low price etc. In a monopolistic market, manufacturers have the ability to influence the price although the effect is not as producers of market monopoly or oligopoly. This ability comes from the nature of the goods produced. Because of the differences and characteristics of the goods, consumers will not easily switch to another brand, and continue to choose the brand even though producers raise prices. For example, the shoe market in Malaysia. A shoe is tend to be homogeneous, but each of it has its own special features. For example Skechers, which has comfort features and attractive design that can be used in various events whether formal or informal. While Adidas has the advantage with their high-quality product. As a result, every brand has loyal customers each. Under monopolistic competition there is freedom of entry and exit. Thus under monopolistik competition it is found that both that features of competition and monopoly are present. For example, there are number of manufactures producing different brands of footwear like Skechers, Adidas, Nike etc. The manufacturer of Skechers has got the monopoly of producing it. Nobody can produce and sell footwear with the name Skechers. But at the same time their faces competition from other manufactures of footwear as their product are close subtitutes of Skechers footwear. Firms under monopolistic competition market incur a considerable expenditures on advertisement and selling cost so as to win over customers. In order to promote sale firms follow definete-methods af competing rivals other than prices. Advertisemet is a prominent example of non-price competition. The advertisment and other selling cost by a firm that change the consumer’s wants for their product and attract more customers. For example, Skechers has appointed a Hong Kong actor and singer, Sammi Cheng as their official spokesperson brand to promote their new product named as Skechers Gorun.According to Sanmi this Skechers new product have attractive design and offers with more bright colors to increase the confidence and spirit of the wearer, this shoes are also equipped with sensor tecnhnology that responds to brain. Users will detect and correct reaction of the positions they run thus making the run more comfortable.

Should the government impose stricter guidelines on how much students Annotated Bibliography

Should the government impose stricter guidelines on how much students can borrow in student loans - Annotated Bibliography Example Therefore, it will be significant in enabling us to come up with an in-depth conclusion. Giving loans to students play a significant role in enabling them to finance their education. However, there must be strict rules in order to avoid overspending. This book will be significant in understanding the specific needs that are required. In addition, it will enhance the understanding of benefits of loans to the students. Students’ loans increase equality in the society. It enables the government to distribute funds equitably to the student. This book analyzes the costs of sustaining student loans. Therefore, it will be important in understanding the necessary measures that the government should take in order to help the students. Many students are burdened by loans after finishing school. This is because the government has not put the necessary measures to curb overspending. This book will be important in understanding how the gaps in laws are making it hard for the student and the government to recover from the loans. In addition, it will highlight the challenges that come with the issuance of the loans. Students’ loan has increased inequality. This is because there lacks effective laws to govern its distribution. This book will enable me understand how the loan has increased inequality in the society. In addition, it will be significant in understanding different gaps that need to be closed in order to increase its

Texas Revolution of 1836 Essay Example | Topics and Well Written Essays - 1000 words

Texas Revolution of 1836 - Essay Example Interested readers and researchers can also trace down the sources in order to ensure the credibility of the sources. The use of original sources is the fact that adds towards the credibility of the books. Roger Borroel, the author of the book, is a Vietnam veteran who was in the 101st Airborne Division during the year 1968-1969. He graduated from Purdue University in 1980. He has conducted significant research and published over 15 works on the Texas Revolution of 1836. From the sources presented in the book, it can be said that the author has done enough research on the subject matter and he has presented it in a convincing manner. It can be inferred that he retains enough qualifications for writing this book. The Structure of the Book The book is written as a concise historical perspective and in order to add concreteness to the information given in the book, the author has also added numerous illustrations in the book. There are twenty-four pictures, drawings and other illustrati ons and the book is stretched over 238 pages. There is a comprehensive index provided at the start of the book which makes it easier for the reader to find out any specific piece of information. Since there are a number of events that are relevant with the Texan revolution, therefore it is normally difficult for readers to find out a specific event in the history, however this book is written in a chronological sequence of events which makes it significantly easy for the readers to find out a relevant event or document. The sources used in the book are; official governmental papers, reports, intelligent opinions, diaries, reports, and noted personal observations. This book includes translated Mexican Army documents which were never translated before in order to let the reader have an insight regarding the war. This is one of the factors that add to the credibility of the books therefore the title of the book also suggests that the historical perspective is based on original sources. Book Summary The Texan revolution was a conflict that grew into a war between Mexico and the settlers in the Texas which was a part of a state of Mexico. The war officially started from 2 October 1835. The events that triggered the conflict between the government and the American settlers in Texas were the series of legislative changes brought by the Mexican President Antonio Lopez de Santa Anna. He modified the Mexican constitution and turned it into a more centralized constitution which empowered the government and endangered the rights of the citizens. One of the most prominent factors was the Siete Leyes (Seven Laws) passed in 1835 by Antonio Lopez de Santa Anna. These laws modified the very basis of the structure of the Mexican government. The first law provided that citizenship will be granted to those who were able to read and had a specified annual income except domestic workers. The second law gave power to the President to close Congress and overpower the Mexican Supreme Court of Justice of the Nation. Military officers were also disempowered from assuming this office. The third law provided for a bicameral Congress of Deputies and Senators which would be elected by the government. The fourth law specified the manner of selection of the President and Vice president. The fifth law specified the manner of selection of the 11 member Supreme Court. The sixth law holds significant important as this law was responsible for the increased centralization