CASE STUDY

PRIYANSHU.K .KANSARA SUNNY.G.DESAI PRACHI.M.TALATI

SUBMITED TO DR H.N.MISHRA

 OPEC AND THE WORLD OR MARKET

In the given example of OPEC countries produces and cover world's oil market OPEC tries to raise price by reducing quantity produced but OPEC faces problems of co-ordination because each member template to increase larger share of profit so OPEC was successful maintaining co-operation up to same period but after price of crude of oil fallen. In 2005 OPEC countries were not able to gain high profit in world market so different OPEC member can't co operate.

QUESTIONS
1> why OPEC countries fails to gain higher price ? 2> how customer are benefited around world ? 3> why prices of crude oil risen?

 INTERNATIONAL DIFFICULTIES IN GDP AND QUALITY OF LIFE

GDP is measure of economic condition of country . GDP of countries depend on its ability to produce goods and services therefore poor and rich countries have vast difference in their GDP countries with low GDP per person tend to have more infants, lower standard of living and low education and countries with high GDP opposed from poor countries.

QUESTIONS
1> why poor countries have lower GDP? 2> why quality of life and education in rich countries are higher ? 3> how can poor countries can increase GDP rate?

 THE DEBEERS DIAMOND MONOPOLY

Monopoly remains to seller in its market because other firm cant enter in the market and compete with it. In the example given of south American diamond co. DeBeers control 80%of world production of diamond although firm market share is not 100%. The market power of DeBeers depends on substitute of its product. If price of DeBeers rise going upwards than customer will move towards substitute. DeBeers pay large amount on advertisement and it also covers greater market power.

QUESTIONS
1. How DeBeers diamond cover greater market power? 2. At a given price why consumer will prefer DeBeers diamond? 3. How DeBeers diamond is differentiated form other substitute? 4. what is the reason that people switch other to gem stone? 5. where did the Rhodes use his profit ?

 NEAR EMPTY RESTAURANTS AND OFF SEASON MINIATURE GOLF.

In off season empty restaurants owner keep in mind variable and fixed cost. Fixed cost remains fixed at any time and variable cost fluctuate. If owner cower variable cost means revenue than continue the restaurant and if customers are not coming for lunch or dinner than owner shut down the restaurant. Same case happen with miniature golf should be open for business only during those time when revenue exceeds variable cost.

QUESTIONS
1. When restaurants should exist and remains open? 2. Why restaurant should shut down? 3. what are the fix cost of near restaurant and miniature golf course? 4. what a owner should keep in mind for opening a restaurant? 5. what an operator should keep in mind for opening a miniature golf course ?