Analyse and evaluate the informational requirements of management, particularly in relation to decisions involving revenues and costs, and other financial criteria
Select, and apply, appropriate cost and management accounting methods and techniques
You will select a typical high street monopolistic market in week one.
You are required to research your selected marketplace and write a 2,500 essay detailing why the market is described as monopolistic, how each of the competitors in the market compete, how they may manage their costs and profits, and discuss why their individual marketing strategies may differ.
You are encouraged to use tables, graphs, and other similar illustrations to support your observations and arguments.
You are advised to use a market structure typology matrix table to offer your essay some initial structure and opportunities for comparisons with other market structures.
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