FIN2001S: Analyse the market competitive environment that a firm/platform operates in and evaluate its pricing strategies and how these strategies can improve the firm’s bottom line (profits). Economics and Market Innovation assignment
Module / Subject / School:
FIN2001S Economics and Market Innovation
University College Dublin
Requirements:
Below are some guiding questions you should address in your assignment:
1. Analyse the market competitive environment that the firm/platform operates in. Your analysis should include the number of competitors in this market, the size of the firms relative to the competitors (market share) and the ability of the firms to influence prices (market power).
2. Evaluate the pricing strategies of the firm/platform and how these strategies can improve the firm’s bottom line (profits). Discuss in relation to concepts such as 2nd and 3rd-degree price discrimination, versioning, bundling and tying and other pricing strategies.
3. Analyse the firm/platform strategies to grow the business, reach a critical mass and create barriers to entry (platform scaling).
What we score:
71%
Our Writer’s Comment
This assignment tests students on their understanding of the concepts.
Based on the assignment requirements provided, here are some comments to help students score well on this assignment:
- Analyse the market competitive environment that the firm/platform operates in. Your analysis should include the number of competitors in this market, the size of the firms relative to the competitors (market share), and the ability of the firms to influence prices (market power).
In your analysis, provide a comprehensive assessment of the market competitive environment in which the firm/platform operates. Consider factors such as the number of competitors in the market, their market share relative to the firm/platform, and the extent to which the firm/platform can influence prices. Use relevant data and statistics to support your analysis and provide a clear understanding of the competitive landscape.
- Evaluate the pricing strategies of the firm/platform and how these strategies can improve the firm’s bottom line (profits). Discuss in relation to concepts such as 2nd and 3rd-degree price discrimination, versioning, bundling and tying, and other pricing strategies.
Examine the pricing strategies employed by the firm/platform and assess how these strategies contribute to improving the firm’s profitability. Consider concepts such as 2nd and 3rd-degree price discrimination, versioning, bundling and tying, and other relevant pricing strategies. Analyze the effectiveness of these strategies in generating revenue and discuss their impact on the firm’s bottom line. Support your evaluation with examples and references to relevant theories or models.
- Analyse the firm/platform strategies to grow the business, reach a critical mass, and create barriers to entry (platform scaling).
Analyze the strategies implemented by the firm/platform to foster business growth, achieve a critical mass of users, and establish barriers to entry. Discuss the specific approaches employed by the firm/platform, such as marketing campaigns, network effects, partnerships, or technological advancements. Assess the effectiveness of these strategies in driving growth and creating obstacles for potential competitors. Provide examples and evidence to support your analysis and demonstrate a comprehensive understanding of platform scaling strategies.
Ensure that your analysis is thorough, well-structured, and supported by relevant data, examples, and theories. Use appropriate references to enhance the credibility of your arguments and maintain a critical and analytical approach throughout your assignment.
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Sample Assignment
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