This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe the market structure of the beverage industry. What will be an ideal ... (Read 103 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
Describe the market structure of the beverage industry.
 
  What will be an ideal response?

Question 2

The outcome of the state of nature affects the payoff to the agent under a
 
  A) fixed-fee contract.
  B) hire contract.
  C) contingent contract.
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Perkypinki

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

The beverage industry is a highly competitive one, which is experiencing rapid rates of growth due to changes in taste and preferences of the population. The change in demographics as well as in the socio-economic profile of the population is giving rise to the demand for new products which emphasize nutrition and low calories, as well as products which have a health benefit. There are two dimensions of this industry -- the entire refreshment beverage market is monopolistic competition. However, if we focus only on firms that produce and sell carbonated soft drinks, then the market structure resembles more like an oligopoly.

In addition, firms in this industry will have to constantly find ways to differentiate their products by identifying niche market segments and working with health professionals and keeping up with changing demographics, and design products which meet the special needs of the targeted groups.

Answer to Question 2

C


Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jul 1, 2018
Excellent

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

The Structure of the Atmosphere The Structure of the Atmosphere
Basic structure of the autonomic pathway Basic structure of the autonomic pathway
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Structure of the pyruvate dehydrogenase complex Structure of the pyruvate dehydrogenase complex
Structure of the sliding clamp Structure of the sliding clamp
Comparing Blood Vessel Structure Comparing Blood Vessel Structure
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library