MONOPOLISTIC COMPETITION (Samsung)
1 . Numerous Sellers
Within a monopolistic industry there are relatively large number of vendors who consider up part of the market talk about depending on the demand. So Samsung in the same way gets competition from the other smartphone companies like nokia, apple, blackberry mobile phones etc market share according to the Comscore report '12 of Korean is reported to be dua puluh enam. 3% leading apple with 17. 8%
2 . Related, But Not Similar Goods
In monopolistically competitive market the manufacturers sell somewhat differentiated items than eachoder ie- item difrentiation. The differentiation is employed by the manufacturers to attract require and grab marketshare. Likewise Samsung provides various technology embedded in their smartphones some are patented/ certified thereby owning paid permission to use that technology such as the recently announced eye moving technology helping you to scroll pages with eye gesture. Additional features that clearly difrentiate Samsung from all other manufacturers happen to be 1 . Better display
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3. Solid hardware
4. Smooth gui
3. Advertising Cost
This can be a unique feature of monopolistic competition. In such form of market, due to product differentiation, every organization has to incur some added expenditure as selling price. This price includes revenue promotion expenses, advertisement expenses, salaries of promoting staff, etc . In the same way Korean has to carry out such bills to attract customers which screen the best features in their mobile phones. reportedly Samsung korea have spent nearly 2 hundred million us dollars for marketing-only in the year 2012 mainly due to their newer opening paragraphs Samsung galaxy 3 and Samsung be aware 2 .
some. Absence of Interdependence
Large numbers of organizations are different inside their size. Every single firm has its production and marketing policy. So not any firm can be influenced simply by other organization. All are self-employed. Samsung- like in the phone marketplace many other...