Competitive Business Environments in the global food market

Seminar paper from the year 2008 in the subject Business economics - General grade: 10 Ashcroft International Business School Cambridge course: Business Environment language: English abstract: This work focusses on the analysis of competitive factors in global market environments. In the first part the global food market serves as an example for explaining how supply and demand factors influence prices. Furthermore effects of rising prices are discussed as well as governmental possibilities to limit the impact. The second part consists of a detailed explanation of oligopolies including characteristics and possibilities to control this type of market structure. Additionally pricing strategies are discussed in conjunction with the elasticity of demand. The work concludes with an explanation of why companies decide to become multinational using the example of the Tommy Hilfiger Corporation.