market positioning map (exhibit 5), it pursues a different business strategy. Rather than vertical integration pursued by Zara, H&M outsources all of its production and operates a single format which increases operating expenses. Such choice of outsourcing all production is reflected in a relatively low PPE to sales ratio of 15.5% which contributes to higher capital turnover, and thereby, higher
1. The comparison and contrast of ‘state capitalism’ and ‘marketcapitalism’
There are about two capitalistic means in keeping monopolistic capitalism. One is 'state planning like monopoly, cartel'. Another is 'collective relations like Soviet union'.
The reason that state capitalism is associated with the Great Depression is state capitalism happened because of the Great Depression.
1. The Market trend in domestic automobile industry
(1) The industrial trend
- As one of the most biggest industry, ranking 5 in world with 5.2% world market
- The ranking has been decreased since IMF in 98; however, it has been recovered by the increases in domestic market after 2001.
- The occupancy rate in world market was only 0.1% since 1975, but in 1996 it increased to 5.4% and it
and reliable quality and continuously improve the technical features of the world to satisfy consumers.
O3——S3、S5:The increased of disposable income and strengthen the profitability with good internal management, with the raised opportunity of the capital market.
O4——S1、S3、S4: Better quality than competitors and innovative technology guarantees difference betwe
and uncollusive. Their behavior is characterized by independent action.
과점 유형 1 : 기업들이 조직화되거나 결탁하지 않은 과점. 그들의 양상은 독립적인 행위들에 의해서 특정지어진다.
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57. Class II oligopoly : An oligopoly in which firms are organized and collusive. Their behavior ca