ECO 415 Week 2 DQs

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ECO 415 Week 2 DQs

Discussion Questions

In what market type would you most prefer to manage a business? Explain why. What skills do you have that would allow you to be especially successful in this market type? In what market type would it be most difficult for you to manage a business? What is it about the competition within this market type that would make success a challenge?

How would you characterize the competition (market structure) in the restaurant industry? Are there submarkets? If so, do these submarkets have distinct competitive pressures? How may a restaurant maximize profits?

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