Write an essay on Peer PressureUsing the company that you have selected for your Assignments, respond to all of the below prompts: Two Peer Responses.
? What market structure does your company exemplify, in your opinion?
? Justify your choice by answering the questions below:
o What is the approximate number of sellers in your market?
o What are the barriers entry for new competitors?
o How much market power does your company possess?
o How much differentiation is there between the products of your company and
those of its competitors?? How does your company’s market structure impact the options you have for pricing
practices?
peer #!
? What market structure does your company exemplify, in your opinion?
o Since my organization works within the government specifically the U.S. Navy,
the structure it exemplifies the most is a Monopoly. I say monopoly because it
is the only organization within the Navy that provides warrior care services
besides SOCOM Care Coalition which specifically provides warrior care
services to the Special Operations units within the Navy. However, the Navy
Wounded Warrior Program is overall responsible (3).
? Justify your choice by answering the questions below:
o What is the approximate number of sellers in your market?
? Within the Navy we are exclusive in providing our services. We have
no other competitor.o What are the barriers entry for new competitors?
? The main barrier to entry for another program like ours is that they
would need to seek congressional approv
al to operate alongside us.
Our organization was created funded and mandated by congress in
2007 as the sole provider of warrior care services and as such, no
other program will be created or funded.
o How much market power does your company possess?
? We possess 100% of our market.
o How much differentiation is there between the products of your company and
those of its competitors?
? Navy Wounded Warrior Program does not compete against other
programs within or out of the government therefore we can only
differentiate ourselves from how our sister programs are structured.
Due to congressional mandate all the services must abide by a single
policy guideline. This Instruction provides us with our organizational
structure, operations guidelines and dictates our service parameters.
o How does your company’s market structure impact the options you have for
pricing practices?
? The annual budget we receive to run yearly operations is fixed and not
guided by revenue but by how the federal government is doing. A cut
or diversion in military funding may impact programs like ours either
negatively or positively.
? Where pricing practices can affect us is during the annual budget
review and cost of maintaining programs like ours. Congress reviewsour performance and number of wounded, ill and injured service
members we have cared for and based on these and other metrics
makes the determination to either increase or decrease our funding.Answer PreviewÂ…Â…Â…Â…APA 316 words
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