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Cost, Price,
Competition,
Monopoly & Profit.
PRESENTED
BY:- Amol Gajghate.
- Manish Narsule.
- Akash Khandare.
COST
Meaning:In Business & Accounting cost is the monetary
value that a company has spent in order to produce
something.
TYPES OF COST
- Real Cost
- Opportunity Cost
- Money Cost
a) Explicit
b) Implicit
- Accounting & Economic Cost
- Fixed & Variable Cost
PRICE
Definition :Price, the amount ofmoneythat has to be paid to
acquire a given Product. Insofar as the amount people
are prepared to pay for a product represents itsvalue,
price is also a measure of value.
COMPETITION
Meaning :In economics, competition is the rivalry among
sellers trying to achieve such goals as increasing
profits,MARKETshare, and sales volume by varying
the elements of theMARKETINGmix: price,
product, distribution, and promotion.
TYPES OF
COMPETITION
1.
2.
3.
4.
Perfect competition
Oligopoly
Monopoly
Monopolistic competition
Definition:-
MONOPOLY
Features:1.Single
seller.
2.Price maker.
3.Entry barriers.
4.Control over the market supply.
5.Selling cost not incurred.
6.Industry firm are same.
7.Substitutes.
8.Profit maximization.
9.Profit discrimination.
10.Downward sloping demand curve.
TYPES:1.
2.
3.
4.
5.
6.
7.
8.
Simple Monopoly
Discriminating Monopoly
Private Monopoly
Social Monopoly
Joint Monopoly
Natural Monopoly
Legal Monopoly
Technological Monopoly
Advantages of Monopoly:1.
2.
3.
Disadvantages of Monopoly:1.
2.
3.
PROFIT
Definition:-
CONCEPTS OF PROFIT
1.Normal
Profit.
2.Super Normal Profit.
3.Profit Maximization.
Any Question............?
THANK YOU!