Hello Guest
Search Paper       Search
  Home     Register Now     Submit Paper     FAQ     Contact Us    Login
rss feeds for latest Term Papers

Economic overview of Johnson and Johnson, focusing on market structure, competition, government reg...

Term Paper Number
898599410
Term Paper Description
Economic overview of Johnson and Johnson, focusing on market structure, competition, government regulations, supply and demand, cost structure, price elasticity of demand, prices and productivity
Publish Year
2007
Academy
University of Phoenix
Course
ECO 365
Number Of Pages
9
Number Of Words
1762
Number Of Sources
12
Price
30 $ (USD)
Keywords
Economics, Market Structure, Johnson and Johnson
Order Now
Paper Abstract

Johnson & Johnson: Current Market Conditions

Since 1885 Johnson & Johnson has been a premier producer of pharmaceutical, healthcare and medical products (Johnson & Johnson, 2007), but as this company moves forward into the 21st century they are facing increasing competition.  By exploring Johnson & Johnson’s market structure and the impact of existing and new competitors within this market, one can better understand the current factors that affect Johnson & Johnson.  The supply and demand of medical and pharmaceutical products is the key to understanding other factors which companies such as Johnson and Johnson base their decisions on.  Cost structures, price elasticity of demands, pricing, and productivity are all related to the affects of supply and demand.

Market Structure

            Market structure is defined as the “frameworks within which firms interact economically” (Colander, 2004, p. 243).  Johnson & Johnson’s framework can be considered a national and international oligopoly.  An oligopoly is “a market structure in which there are only a few firms” and “there are often significant barriers to entry” (Colander, p. 285).  Competitors in the pharmaceutical, healthcare and medical products industry must take into account what each other is doing and anticipate each other’s responses; this makes them interdependent.  Even though a number of competitors are in the same market as Johnson & Johnson, barriers to enter and exit the market are high, making this market a ‘contestable market model’.  As an oligopoly market, with a contestable market model, the entry and exit barriers have more influence on the individual company’s price and output choices (Colander, p. 297).  Barrier to entering the pharmaceutical, health care and medical products industry include but aren’t limited to, start up costs, labor and distribution considerations, and FDA or other government regulations.



Order Now

Submit your Term Paper and get paid for every sale made
Search Term Papers  
Search
Related Term Papers :
   NHS Funding and Economic Crisis
   Economic analysis Algeria
   Economic Analysis - Gross national product and gross domestic product
   Economic Transformation in China - Maoג€™s economic experiment
   Changes in British Politics Following the Economic Crisis of the 1970s
   The works of Karl Marx regarding fetishism of commodities in the political-economic philosophy
   Long-Run Economic Growth
   ECO205 week one CheckPoint: Principles of Economics
   Essay on the current US Economic Recession. An 11 page analysis on the Emergency Economic Stabilization Act of 2008, and how it will affect our economic recession. What the act is, what it will inheritely do for the economy, and how it will work.
   Loweג€™s Home Improvement, a description in accounting and economic terms of their growth from a small business to a global entity.
   Economic Indicators for the American Housing Industry, The Real GDP, unemployment rate, inflations rate, interest rates, housing starts, producer price index and the Keynesian or Classical economic conditions altogether let consumers and producers...
   This is an overview of the American Housing industry from an Economic view point focusing on past and present economic indicators and information from the Consumer Price Index (CPI) and Producer Price Index (PPI) (prior to '08 market collaps)
   Economic overview of Johnson and Johnson, focusing on market structure, competition, government regulations, supply and demand, cost structure, price elasticity of demand, prices and productivity
   orissa: microeconomics of competitiveness
   Economic Impact of Global Warming
   kenya's political & economic history
   economic globalization
   Economic Differences between Women and Men
   INTERNATIONAL ECONOMICS: THE INCOME GAP BETWEEN THE RICH AND THE POOR COUNTRIES, IS IT WIDENING OR SHRINKING?
   Regional Economic Policy, The Role of Universities in Regional Economic Development, TORONTOS CLUSTER OF BIOTECHNOLOGY
   Economics for Managerial Decision-Making
   Slavery as an Economic Institution in Morrison's 'Beloved'
   A Question of Economics and Labour Relations;
   State Use of Force and the Asian Economic Crisis
   "Collaborative Breast Health Intervention for African American Women of Lower Socioeconomic Status"
Paper purchase:

The paper "Economic overview of Johnson and Johnson, focusing on market structure, competition, government regulations, supply and demand, cost structure, price elasticity of demand, prices and productivity" can be purchased via a secure order form.

Click here to purchase the paper.

The paper file will be sent to the email address provided at the order form immediately after placing the order.

Universitip - buy term papers at the internet's largest marketplace for term papers and essays.