Business environment Research Paper Example | Topics and Well Written Essays - 3000 words

Business environment - Research Paper Example Under these marketing conditions, a 'Dominant Strategy' is a course of action which would be followed in response to any course of action taken by the other player. 3. Hiphop or Garries will earn a profit of 6,400 if the other one charge a priced 11 per piece and whoever charges 11 will get a margin of 1,800 because in that situation the other player will charge 10 and sell more units. Collusion between parties occurs when they act in common interest and trust each other. The best example for Collusion is the OPEC where the petroleum prices are fixed in consultation with all the member countries to the maximum advantage of the countries concerned. In collusion there will be an interaction between the players who want to maximize their earnings. By colluding the players divide the total market among themselves and by charging the same price they also share the profits that the business offers. There are still first mover advantages, such as the chance to gain early market share, but without the backing of the right customers and constant innovation, it's always possible to loose the advantages. The advantages that the first entrant gets may not be available to the second one. When both the companies Burger Binge and McDennys want t... Observation on Collusion from the Matrix: From the pay off matrix drawn the following observation is made for collusion: 1. when both Hiphop and Garries charge same price of 11 each one make a profit of 4,500 2. It may be observed this profit of 4,500 is in excess by 500 than what they made while they were selling 10 per piece This is the result of the agreement between both the players to sell the product at 11 and that is the effect of the retailer's collusion. EXPLANATION FOR FIRST MOVER ADVANTAGE: "First Mover Advantage is a notion that being first in a market place gives the first mover an insuperable competitive edge." - David M Katz There are still first mover advantages, such as the chance to gain early market share, but without the backing of the right customers and constant innovation, it's always possible to loose the advantages. The advantages that the first entrant gets may not be available to the second one. I have made the pay off matrix for companies Burger Binge and McDennys with the help of the data provided. Burger Binge McDennys Begin Operation Stay Away Begin Operation - 100,000 - 100,000 0 250,000 Stay Away 250,000 0 0 0 Observation: When both the companies Burger Binge and McDennys want to operate their business it is not possible for both of them to earn any profit. This is what is observed from the matrix. Alternatively if one decides to stay away from the business the other one can earn a profit of 250,000. For example if Burger Binge does the business and McDennys do not enter the market then Burger Binge gets the first mover advantage and earns 250,000. PART B PORTERS FIVE

Myths as Roman History Essay Example | Topics and Well Written Essays - 2500 words

Myths as Roman History - Essay Example Romans also developed few mythological tales such as the story of Cupid and Psyche. (Zipes, 2005) It is fact that classical mythology takes us to the journey of some primary characters and important stories of classical Greek and Roman mythology. As most of the classical myths in form of characters or stories have been carried out form generation to generation form story to story. Even in today's fiction or non-fiction we find good examples of classical myths. The very common myths that we find in study very often are the accounts of the creation of the world in Ovid's Metamorphoses; the gods Zeus or Jupiter, Apollo, Demeter, Persephone, Hermes, Dionysos and Aphrodite; the Greek heroes, Theseus and Hercules; and the famous of all myths, the Trojan War. (Ken, 1992) The classical mythology contains tales of the ancient Greek and Roman myths and literature, which shows great variety and originality that is unmatched even today. Greek mythology has close connection with Greek classical literature, which has universal appeal and had pass the test of time. Most of the Greek myths occurred in the works written between the time of Greek colonisation of the Mediterranean and the fall of the Roman Empire. On the other hand t On the other hand the Roman myth remained largely unwritten until the 1st BC to the decline of Roman Empire. Two great Roman authors, Ovid and Vergil, had used the Roman myths extensively and it is their writings that made classical myths popular. The impact of these writers was so great that it had become norm for the medieval Europe and modern society to use the more popular Roman names for the Greek gods and heroes. Even today the popularity of classical myths is evident in arts and literatures. Classical myths has been divided into four categories: 1. The Pantheon- loads with the information of Greek deities that includes the story of the Creation and host of other myths. 2. The Heroic Age- carries the description of Greek heroes and heroines with their adventures. It includes tales like "Jason and the Argonauts", "Seven Against Thebes", "Trojan War" and the "Odyssey". 3. Royal Houses- contains information of famous families in some of the most powerful cities in Greece. This section includes the stories of the Aeolids, Perseids and the House of Atreus, and of Troy. 4. The Geographia- provides with extra information about the ancient Greece, which mentioned in Greek Myths. (Morford & Lenardon, 1985) Some popular Roman myths: The Creation & Flood The creation myths in Ovid's Metamorphosis are the tales that describe how the earth came into existence. The story, which begins with a universe ruled by Chaos, from which the earth, (Ge, or Gaea) and the sky (Uranus) eventually emerged. Besides other mythological figures like Cupid (love) and Night came into being. As per myth the personified earth and sky mate to give birth to the first generation of godlike beings, the 12 Titans. The youngest Titans, Cronus (Roman Saturn) overthrew his father and ate his own children due to fear that one of his own children would usurp his throne. But one child was saved, named Jupiter, who grew up and forced his father to vomit up his brothers and sisters and then defeated Cronus to establish the pantheon of Olympian