Management Economics Assessment 2

Management
Economics
Assessment 2

Table of Contents
INTRODUCTION ..........................................................................................................................3
Describe the company.................................................................................................................3
Analyse the market......................................................................................................................4
Different market structure...........................................................................................................5
Suggestions for the company operate in a different market structure and the government
interventions................................................................................................................................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Economics is refer to the study of factors that emphasis on problem solving and certain
taking certain decisions in the various ventures (Orlova, 2020). They are also using certain set of
theories which is related to the principles of micro and macroeconomics. It also assists in
analysing the demand and supply of the large market by which they can have the effective flow
of goods and services in the large marketplace. For this respective report, Ferrari is the chosen
company, this is the premium sports car company which is offering super cars in the large
market. An organisation is established in 1939. It is the leading company which is conducting
their business in major business so that they can have the better consideration to the large market
place. This respective report will cover the analysis of company's product & services & also
evaluate the market structure of the organisation and their characteristics in which they are
operating their business. Furthermore, it will suggest the certain government interventions of the
government is goods for the society or not.
Describe the organisation
Ferrari is the leading company & the headquarter of the organisation is established in
Maranello and Italy. They are basically operating in Sports cars and also offering the high-tech
bicycles, ear- wear, clothing, watches, laptops in wide range in order to attract large group of
customers. They are operating various operations in international boders & meeting the buyer's
demand. They introduced their first Ferrari badged car in 1947 & moreover, they have
introduced wide range of sports in by which they can ensures the proper supply of their cars in
globe
Enzo Ferrari was not having any consideration in the idea of producing roads cars but
with the passage of time it also based of Scuderia Ferrari that means stable & they made further
made the Alfa Romeo Racing car of the drivers. They also introduced first Ferrari 125 S, It is
powered by a 1.5 LV 12 engine & also sell their cars to booast Scuderia Ferrari.
They also got first vehicle that is having small seats & in 1949, they also further moved
to introduce making the organisation’s importance in grand touring road cars in the market.
Further they move to luxury touring road cars in the large market. As of now, the current model
of Ferrari Roma, Ferrari 812, Ferrari F8 Ferrari GTC4 & many more.