Management of Economic: Vodafone: Mobile phone network

Management of Economic: Vodafone: Mobile
phone network

Table of Contents
INTRODUCTION .........................................................................................................................1
TASK 1............................................................................................................................................1
About the business ......................................................................................................................1
Identification of demand and market equilibrium. .....................................................................2
Brief explanation regarding whatever demand is more elastic or more inelastic .......................4
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Economics is consider as essential factor of economy as it define the impact of various
elements of demand and supply which influence organization to formulate their business
policies. To understand this concept Vodafone has been taken. It is consider as one of the largest
telecommunication organization which offer their service more then of 30 countries. This report
has been define a brief introduction about the company. It also define factors which affect or
become the reason of shifting demand curve, this also includes pricing policy Vodafone and to
apply for increase their number of customer.
TASK 1
About the business
Vodafone is is consider as one of the most popular organization of UK. This organization
run its business in telecommunication sector. Registered office of Vodafone is established at
Newbury Berkshire, and its headquarter is situated at London. The company help in provides
economic contributions towards UK economy. It is multinational corporation, which provides
telecommunication, service. It also provides, broadband, mobile network, digital television,
internet television services to their customers. Providing mobile network is consider as one of the
essential product to this organization as more then 60% of revenue has been gained by engaged
in offering mobile network services (Kerl, 2018).
The organization start it business in 1985, it is consider as first cellular network which
launch in UK. At the initial stage it provides its telecommunication and voicemail services to in
market. Since its incorporation Vodafone was merged with Racal however in 1991 it become the
independent organization. The company engaged in spreading its market share in Germany,
Australia, .It is connected with Mannesmann AG Vodafone quire Eircell. This company merge
with Airtel and British Telecommunication to set up their own network. The main purpose of
offering network products is that since 1990 after IT revolution the demand of network
technology internet is increase thus for attaining the vision of the best telecommunication
company it starting dealing in network sector.
The Main purpose of choosing mobile network as their business product is that its
management department knows after IT revolution the demand of internet as well as
telecommunication services has been increase thus to attain the goals of becoming top
1