Kudler Fine Foods Essay

1173 words - 5 pages

Differentiating Between Market Structure in Kudler

Kudler Fine Foods is a strong competitive force in the marketplace. Kudler Fine Foods are a unique and have exclusive selection of fine foods and wine they offer. One of the main focuses is the gourmet experience offers, which is specific with the type of marketplace where Kudler competes. Kudler Fine Foods also have unique characteristics, such as providing a high-end selection of gourmet and organic products that cannot be found in other grocery stores. The products are reasonable prices therefore postulates a barrier currently and the future for companies to challenge. Kudler could improve their ...view middle of the document...

The strengths and weaknesses provides to the future of Kudler Find Foods because it will bring positive stability to their marketplace can also help bring new customers into new strategies and market. Competition can arise anytime and without any warning, so it is important for Kudler continue to offer good service and products at reasonable prices. The market surveys resulted with customers pleased with Kudler Fine Foods with hours, store décor, the value of products, and the satisfaction were average or above average, which shows that customers will keep returning to shop. Developing new opportunities is good for the company because it will help expand their company to become successful.
A competitive advantage is that one firm has over its competitors, which makes Kudler have a differential advantage. This means that the store has different products from their competitors and considered to be a higher value from the customers. Competitive market structure does positively affect Kudler Fine Foods because they can determine their customer needs that need to stay ahead of the market. Flexibility on the price, the company can make changes for the price when there is a need to stimulate sales on a product. Perfect competition would be a way to lead to innovations and improve the quality in producing the fine products. In monopolistic and oligopolistic markets, innovation, and quality can be low because of the market dominance by one organization.
The industry structure pushes the competition and the profitability, whether industry produces a product or service is growing. Factors can affect industry profitability in the short run in industry structure, manifested in the competitive force, and sets industry profitability in a long term. The organization has the development of loyalty and profitability by their customers. Kudler would have re-evaluate their strategic planning, marketing overview, and market surveys have to be over-looked to reach their goal to increase profitability. The market structure relates to the virtual organizational can access the organization and could to achieve long-term profitability. Planning and strategizing teams and management can help and coordinate to support the organizations mission.
Kudler formed the business within the monopolistic competition market structure and formed market surveys to evaluate the competitiveness in the market. Monopolistic competition market structure also includes many firms selling different products. There are multiple dimensions of competition, including advertising, distribution outlets, and product attributes (Colander, 2010). That would make marginal cost be fewer prices at its profit maximizing output level. Monopolistic competitor cannot make a long run profit (Colander, 2010). Monopolistic...

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