Unit 3 edexcel economics
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Thinking twice about price

Thinking twice about price | Unit 3 edexcel economics | Scoop.it
WHEN bosses promise to make their companies more profitable they usually say they will do so by increasing sales or cutting costs. But a third road to profits is...

Via Eliza Haydon
andre's insight:

eliza this is an excellent article for egs of the various strategies that a company can use to increase sales. A typical q. in the data response paper. Mr. G.  

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Probe into chocolate 'price-fixing'

Probe into chocolate 'price-fixing' | Unit 3 edexcel economics | Scoop.it
The food giants Nestle and Mars, along with a distribution company, have been charged by authorities in Canada over alleged price-fixing of chocolate

Via Geoff Riley
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Elea Misteli's curator insight, September 3, 2013 1:53 PM

Macroeconomic trends impacting on markets and business:

Clear example of Monopoly power that has been mis-used. Unless Authority would have stepped in 'price-fixing' would have gone unnoticed and caused an effect on consumer expenditure on other goods and service. Furthemore because Nestle and Mars are food giants they would have had an elastic effect on demand of other goods due to the fact that they could be considered as necessity foods.

Peter Symonds Economics's curator insight, November 4, 2013 11:54 AM

More market failure