what tools are used to measure market power?
611621
Several quantitative measures exist that can help assess whether a firm may have market power, such as the Herfindahl-Hirschman Index (HHI)2, which is an index of the number of firms in the market and their market shares, and the Lerner Index that measures the degree to which prices exceed marginal cost.
92950
['Flowchart. Most of us are familiar with flowcharts. ... ', 'Check Sheet. A check sheet is a basic quality tool that is used to collect data. ... ', 'Cause and Effect (fish bone) Diagram. ... ', 'Pareto Chart. ... ', 'Control Charts. ... ', 'Histograms. ... ', 'Scatter Diagrams.']
1040382
['Inventory Turnover. You already know high inventory turnover is good. ... ', 'Order Picking Accuracy. In addition to tracking shipment and delivery status, you should also measure order picking accuracy. ... ', 'Inventory to Sales Ratio. ... ', 'Units per Transaction. ... ', 'Rate of Return. ... ', 'Inventory Accuracy. ... ', 'Back Order Rate. ... ', 'Perfect Order Rate.']
246917
['Executive Opinions. ... ', 'Delphi Method. ... ', 'Sales Force Polling. ... ', 'Consumer Surveys.']
232066
['Calculate the average (mean) price for the number of periods or observations.', "Determine each period's deviation (close less average price).", "Square each period's deviation.", 'Sum the squared deviations.', 'Divide this sum by the number of observations.']
308286
['Step 1: Choose the product. BCG matrix can be used to analyse Business Units, separate brands, products or a firm as a unit itself. ... ', 'Step 2: Define the market. ... ', 'Step 3: Calculate the relative market share. ... ', 'Step 4: Find out the market growth rate. ... ', 'Step 5: Draw the circles on a matrix.']
1359623
['Return on Investment (ROI) ROI is a benchmark used to measure the financial gain/loss (or “value”) of a project in relation to its cost. ... ', 'Operating Margins. ... ', 'Productivity. ... ', 'Customer Satisfaction Score. ... ', 'Employee Turnover Rate.']
340112
['Cause-and-effect diagram.', 'Check sheet.', 'Control chart.', 'Histogram.', 'Pareto chart.', 'Scatter diagram.', 'Flow chart.', 'Run chart.']
477788
['Continuous process: Marketing research is not only continuous but also a scientific and systematic process. ... ', 'Wide scope: ... ', 'Aid to decision-making: ... ', 'Uncertainty of conclusions: ... ', 'Applied research: ... ', 'Commercial intelligence: ... ', 'Statistical tools: ... ', 'Research approaches:']
1166108
['Customer Satisfaction Surveys. The customer satisfaction survey is the standard approach for collecting data on customer happiness. ... ', 'Customer Satisfaction Score (CSAT) ... ', 'Net Promoter Score (NPS) ... ', 'Customer Effort Score (CES) ... ', 'Social Media Monitoring. ... ', 'Things Gone Wrong.']
1234932
Market Power The demand curve for an individual firm is downward sloping in monopolistic competition, in contrast to perfect competition where the firm's individual demand curve is perfectly elastic. This is due to the fact that firms have market power: they can raise prices without losing all of their customers.
440502
['Web traffic sources.', 'Brand awareness.', 'Cost per lead.', 'Website traffic leads.', 'Returning visitors.', 'Online conversion rates.', 'Lead conversion rates.', 'Click thru rate.']
719355
['Perfect Competition Market Structure. ... ', 'Monopolistic Competition Market Structure. ... ', 'Monopoly Market Structure. ... ', 'Oligopoly Market Structure.']
1381939
['Product Costing and Valuation.', 'Cash Flow Analysis.', 'Inventory Turnover Analysis.', 'Constraint Analysis.', 'Financial Leverage Metrics.', 'Accounts Receivable (AR) Management.', 'Budgeting, Trend Analysis, and Forecasting.']
1218065
['Inventory Turnover. Inventory turnover is a KPI that measures how well an organization is able to move its inventory. ... ', 'Inventory Accuracy. ... ', 'Delivery/Shipment Times. ... ', 'Cash-to-Cash Cycle Time. ... ', 'Warranty Costs as a Percentage of Sales. ... ', 'SAP Supply Chain Management. ... ', 'Manhattan SCOPE. ... ', 'SYSPRO ERP.']
697805
['Hubspot.', 'Ahrefs.', 'Proof.', 'Survey Anyplace.', 'Yoast.', 'Trello.', 'Canva Business.', 'Google Adwords.']
1285086
['1) Watch for Leading Microexpressions. ... ', '2) Listen for Specific, Definitive Language. ... ', '3) Pay Attention to the Questions Asked. ... ', '4) Assess the Level of Detail Discussed. ... ', "5) Listen for Signs You're being “Marketed” to Others. ... ", '6) Determine Whether or not Money was Discussed.']