Staples Market Structure - 1594 Words

Staples Market Structure ECO/365 August 1, 2012 Moises Rodriguez Abstract â€Å"Market structure refers to the physical characteristics of the market within which firms interact.† Currently the office supply market is saturated and the competition is tight. The leading contenders for this type of market are Staples and Office Depot, but there are many choices available to consumers looking to get the most value for office supplies. It is ironic that both Staples and Office Depot opened for business in 1986. These companies fall under a monopolistic competition structure. Staples and Office Depot maintain a high marketing presence and are recognized in the office supply industry. But because of the fierceness of the†¦show more content†¦This company has worked hard to create a positive image and it will more than likely be around to meet the needs of Fort Bliss, SBA and GSA business contracts. Market Structure Choice Staples, Office Depot, Office Max, Reliable, Medical Arts Press, Quill, and Pencil Cup are all office supply vendors and the difference between all these vendors are minuscule. Staples and Office Depot each manufacture their own private label. Each vendor then provides the customer with a substitute to purchase against a name brand item. For example, sticky notes are a popular office item and for the longest time the market was held by Post It Notes. The times are changing and many items are being cloned by these big vendors and the pricing comparison against the name brand result in cost savings with the use of the private label items. Both Staples and Office Depot are in an elastic relationship with their customers. With the availability of substitutes and price savings, ultimately the factor separating Staples and Office Depot is price. These businesses fall under monopolistic competition and the activity is watched closely by each other. Competitive Strategies Staples has the buying power to provide the lowest pricing to its valued customers. Staples meets with potential clients and works with them to provide cost savings over the current vendor. Usually, the competition is Office Depot. In preparing anShow MoreRelatedDifferentiating Between Market Structures Essay1077 Words   |  5 PagesDifferentiating between Market Structures The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. The author of this paper will cover: the advantages and limitation of supply and demand identified in the simulation, the effectiveness of the organization in which the author knows, and how the organizations in each market structure maximizesRead MoreEssay on The Ofiice Superstore Case Study1655 Words   |  7 Pagesthat lead to this conclusion? Today’s office superstore industry in the United States provides a convenient one-stop shopping experience for small businesses and individuals with home offices. The main competitors in the industry are Office Depot, Staples, and Office Max. All of them offer a variety of office supplies, as well as computers, office furniture and other business related items. Office Depot is the largest office superstore chain in the United States. Office Depot is first in total numberRead MoreProposed Merger Between Staples And Office Depot972 Words   |  4 Pagesand Price Effects: Proposed Merger between Staples and Office Depot (1997) Xueqi Ji 6252074952 Abstract FTC employed structural, documentary, statistical, econometrics and financial evidence to verify that the proposed merger of Staples and Office Depot will lead to increase in market concentration, market prices and stock prices, and thus support FTC’s contention that this merger will cause an anticompetitive effect on Office Superstore market. Staples and Office Depot made a plain and useless contradictionRead MoreA New Business Adventure Of Fice Supply Industry1083 Words   |  5 PagesStaples was founded by two gentlemen, Tom Stemberg and Leo Kahn that were ready to start a new business adventure in the office supply industry. Both men had worked in the retail industry, and was open to building a company with a design twist of â€Å"Toys R Us†, which would be a business model structure into an office chain supply company that would service smaller business owner. According to Alan (2009) the business idea was created by Tom Stemberg from the concept being able to su pply consumer withRead More History in the Staples Approach Essay1279 Words   |  6 Pagesartifact within the history of economic thought, as economics has moved on to non-historical, modeling approaches to understanding, the staples approach can serve to show how economics can be enriched by a historical dimension. What is the staples approach and what makes it especially suitable to an investigation of how history informs economic understanding? The staple theory has been Canadas original contribution to the world of economic ideas (along with the notion of effective protection devisedRead MoreTaking a Look at Polyester Fiber1106 Words   |  4 PagesProperties of Polyester Fiber Polyesters are those fibers containing at least 85% of a polymeric ester of a substituted aromatic carboxylic acid including but not restricted to terephthalic acid and f-hydroxybenzoic acid. The major polyester in the market is polyethylene terephthalate (PET), an ester formed by step growth polymerization of terephthalic acid and the diol ethylene glycol. The polyester fibers all have similar properties, are highly resilient and resistant to wrinkling, possess high durabililyRead MoreStaples Inc. Description.963 Words   |  4 PagesSTAPLES INC. Description Staples Inc. was founded in 1985 and was incorporated on January 23, 1986, and has its headquarters in Framingham, Massachusetts (Liang, 2012). The company has three principal subdivisions: North American Stores and online, North American Commercial and International Operations encompassing 2000 stores globally in 26 nations. The corporation offers a comprehensive variety of merchandises that include: office provisions, business equipment merchandises and amenities, facilityRead MoreFinancial Analysis of Office Depot1312 Words   |  6 Pagesaccounted for only 20.9% of all, the ratio were 44.6% and 40% compared with Staples and Office Max respectively. 2. Weak Financial Performance A significant number of its vendors demand accelerated payments or require cash on delivery, such demands could have an adverse impact on its operating cash flow and result in severe stress on its liquidity. A downgrade in its credit ratings or a general disruption in the credit markets could make it more difficult for it to access funds, refinance indebtednessRead MoreAmazon s Business Model Analysis Essay1008 Words   |  5 PagesE-commerce Retailers (ranked by annual sales) as of 2016 (Zaczkiewicz, p 1). Amazon ranks above many other e-commerce retailers, such as Wal-Mart, Apple, Staples, and Macy s. The business model, customer value propositions, revenue model, marketspace, main competitors, comparative advantages, market strategy, management team, and organizational structure has helped Amazon to stay in business since 1996. Business Model Amazon s business model is selling products (basically anything or everything a personRead MoreThe Pros and Cons of Vertical Integration Essay1127 Words   |  5 Pagescommitment to the third party and the goodwill of a firm will come to an end. Organizational inferences; If the supplier supplying the raw materials to a firm is big, in terms of size and structure, then it will dictate the terms and conditions. On the other hand if an in-house source is used then there will be no market variation and the supplier can not impose any unfavourable conditions. Due to this reason in November 1999, Exxon Corporation and Mobil Corporation, two of the largest petroleum and petrochemical

The Homework Review For Ba - 1719 Words

During the homework review for BA, I asked Pat closed questions to elicit key elements of his progress. I ask Pat questions such as â€Å"what does Anne do in her story to make her tasks more manageable?†[17:20], â€Å"which kinds of tasks need to be in each?† [14:47], â€Å"would that be more manageable?† [15:48], â€Å"are there any other tasks that would be really difficult?† [17:53], â€Å"would you feel comfortable looking at the next stage?† [18:49] and â€Å"why is it important to include specifics?† [19:51]. Asking questions such as these ensured that I gathered an understanding of Pat’s progress and knowledge. I was able to keep the session focused on Pat and fill his knowledge gaps - only when required – when his responses elucidated that there was a requirement for me to give information. Information giving is a key component of my role (Richards and Whyte 2011) and I feel I demonstrated this well and only when requir ed. This should only take place when it is evident that a patient requires the knowledge and closed questions allowed me to demonstrate this. Through the use of effective, patient-centred funnelling, I was able to place my focus on asking questions designed to bring Pat’s attention to the information he had access to (Hughes et al 2014). In treatment, it can be very easy to assume the expert role (Hughes et al 2014). Funnelling created a compassionate environment where Pat could examine his own progress and understanding, which promoted ownership (Hughes et al 2014). By doing so,Show MoreRelatedReflection Of My Performance During An Objective Structured Clinical Exam1289 Words   |  6 Pagesunder simulated conditions (Fidment 2012). For this OSCE, my competence in undertaking a treatment session with a patient was under examination. 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Healthcare Sector of U.S for Sectors & Industries-myassignmenthelp

Question: Discuss about theHealthcare Sector of U.S for Sectors Industries. Answer: Introduction Economic cycles impact all the sectors of the economy inclusive of the health care. During periods of economic progress, the healthcare industry improves significantly. On the other hand, economic downturn often results in service reductions and budget cuts in the healthcare sector and hence hiring freezes and layoffs. Moreover, significant segments of healthcare industry such as nursing labor market are destabilized leading to adverse outcomes like severe shortages which often extend beyond the recessionary period. Health insurance is also another segment of the healthcare industry that is affected by an economy of the country. In the United States, for example, many Americans receive health coverage from their employers. Therefore, when unemployment is high, many individuals go without health coverage, and the amount of money spent on health products reduces considerably(Ameritrade, 2017). This paper explores the performance of healthcare industry in the United States in 2016 and 2 017. The article culminates by providing a performance forecast for this sector in 2018. The 2016 -2017 Performance In 2016, the healthcare industry in the United States performed poorly compared to the previous years. It was the year when the drug patents began to roll off, and scrutiny on drug prices increased. As a result, many pharmaceutical firms struggled, and there was a drop in earnings and revenues. The overall sector is said to have declined by 7.1%(Ameritrade, 2017). Despite the dreary results in 2016, the healthcare industry seems to be making a return in 2017. The balance sheets of the healthcare companies are solid, their respective stocks are offering good dividend yields, and the general cost structures have improved significantly. For instance, the 61 shares in the category of Standard Poor's 500 healthcare industries which incorporate insurers, hospitals, medical device makers, biotechs and drug makers have increased by 8.9% in 2017(Shell, 2017). Furthermore, the demand for healthcare services and products is on the rise. This situation is partly attributed to strong employment and an increase in the aging population. The robust growth of this sector in 2017 is also depicted by P/E ratio improvement. The P/E ratio for 2017 is 43.71 compared to 38.78 of 2016. The data from figure one below shows that the various segments of the healthcare sector of the United States have gained in 2017. It is the only Health Care Services segment which is experiencing a decline(Yardeni, Abbott, Quintana, 2017). Figure 1: Retrieved from Yardeni Research, Inc 2018 Forecast The robust growth in the healthcare sector experienced in 2017 is expected to continue in 2018 due to various reasons. Foremost, the demand for healthcare services is on the rise. The increasing aging population is an indication that the demand for extensive medical care and drug treatment will be high. The increase in issues resulting from obesity will also enhance the demand for medical services(Ameritrade, 2017). Growth in employment creation is also expected to amplify for healthcare services like insurance cover. Besides, strong financials in this sector will improve the chances of high dividends payments, mergers, and acquisitions. However, any alteration in Affordable care and drug pricing controls is likely to result in sways in the healthcare stocks. Fluctuations in exchange rates as well as generic and biosimilar competition will also play a critical role in determining the growth of this sector. Bibliography Ameritrade. (2017, July 6th). Healthcare Sector Earnings: What Might Be Expected for Q2 2017? Retrieved August 22nd, 2017, from https://tickertape.tdameritrade.com/trading/2017/07/healthcare-sector-earnings-q2-2017 Shell, A. (2017, March 20th). Health care stocks rebound despite fight over Obamacare. Retrieved August 22nd, 2017, from USA TODAY: https://www.usatoday.com/story/money/markets/2017/03/20/health-care-stocks-regain-form-amid-fight-over-law/99405320/ Yahoo Finance. (2017). Healthcare. Retrieved August 22nd, 2017, from https://finance.yahoo.com/sector/healthcare Yardeni, E., Abbott, J., Quintana, M. (2017, August 21st). Performance 2017 SP 500 Sectors Industries. Retrieved August 22nd, 2017, from yardeni.com: https://www.yardeni.com/pub/peacockperf.pdf