ECONOMIC
CONCEPT APPLIED ON SAMSUNG
We all know that Samsung is huge company and one of
the biggest in term of valuation. In 2018 everyone is looking for a new phone
and Samsung launch a new phone S9 and costing more than 80,000 and that phone
is for every kind of audience either you are corporate person or a professional
in any sector or a college going youth. So, there is some economic concept
applied on Samsung’s day to day activity and the concept are as follows.
1. People face trade off :- As, Samsung increase their respect and goodwill in market so everyone sacrifice other company and start buying Samsung.
2. People response to incentives: - Samsung provide excellent services to the costumer a lot of cash backs and Samsung is no.1 company in this sector in terms of after sale services. Their moto is customer satisfaction.
1. People face trade off :- As, Samsung increase their respect and goodwill in market so everyone sacrifice other company and start buying Samsung.
2. People response to incentives: - Samsung provide excellent services to the costumer a lot of cash backs and Samsung is no.1 company in this sector in terms of after sale services. Their moto is customer satisfaction.
4.Monopolistic market: - Samsung always
providing some values to their products which is different from others. And
that makes it different from other products which are available in Market.
5. Law of supply: - Samsung increases its supply from the day it
has started and they focus more on sale. So, they get result and sell a lot of
products.
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