Management Economics: Market Analysis of Apple Inc.

Management Economics

Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY.................................................................................................................................................3
1. Overview of Apple’s, with descriptions of products/services..............................................................3
2. Market Analysis of Apple Inc..............................................................................................................4
3. Characteristics of previous and current market structure of Apple Inc................................................7
4. a) Critical analysis on various market structure for identifying optimal structure for Apple Inc.........8
4. b) Suggestions on lesser or greater interventions of government upon key operations of Apple Inc.. .9
CONCLUSION...............................................................................................................................................9

INTRODUCTION
Management economics is characterized as the process of amalgamating diverse financial
concepts inside the commercial enterprise and procedure in addition to making cleaner and more
effective decisions and to also achieve important preparation by top executives. In broad terms,
business theory is linked to the application of economic concepts and experimental investigation
to the problems of making rational business decisions (Ben-Daya, Hassini and Bahroun, 2019).
The primary function is to enable scarce resources such as labor, capital and ground to be used
most productively. In modern times, it has increased in popularity among businesses as it helps
to handle all customer information so that legitimate business targets can be accomplished,
effective policies are presented and suitable price are fixed. Important analysis of Apple Inc. is
explored in this article, or the in-depth awareness of this organization's successful and
unsuccessful background is documented under that same venture. The essence of the market also
consistently determines, in forms of monopoly and oligopoly. Recommendations for less or
stronger government interference are also explored in order to identify effects on the economy.
MAIN BODY
1. Overview of Apple’s, with descriptions of products/services
The organisation was originally founded by Steve Jobs, Steve Wozniak and Ronald Wayne
in 1976. Apple Inc. is popular for their revolutionary design and internet sales of smartphones,
mobile devices, digital services and goods. In July 1976 the company introduced Apple 1st,
which was generic chipset software and legal capacity-assembled compared to other systems of
that time. The company has a range of items, including such iPhone, ipad tablet computer, Air
Pods, integrated ear pieces, smart TVs and devices, making it the world's top grossing brand.
Apple's products are revolutionary by acknowledging customers' needs and desires related to
human actions and technological growth. Thanks to their innovative and unique way of doing
things, Apple has seen tremendous improvement over the past 7 years. Apple has created a range
of outstanding products with innovative quality and features, by technology improvement. Apple
Inc. has taken positive steps in widening the purpose of information engineering within digital
technological advances. This development also caused its few rivals to grow and to thrive with
appropriate competition in the industry. Its goods and services have included iPhone, iPad,
Laptop, iPod, Apple Watch, Apple TV, customer and technical optimization techniques