As the economist Ronald Coase pointed out in his work on firms, hierarchical command structures are sometimes less costly
than competitive market transactions due to transaction costs.
Not exact matches
we operate in highly
competitive markets with competitors who may have greater resources
than we possess;
They typically react (slowly at best) to three outside drivers: (a) their competition brings a new offering to
market, and they need a quick
competitive response; (b) their customers see and begin to adopt new processes and solutions, and the customers demand that their products and services conform to the new ways of doing business; or (c) they see a new tool, product, or service in the
market offered by a new player and they quickly determine that this is a game - changer which they need to own (rather
than try to build themselves) because they lack the internal capacity to do otherwise.
Canada's Big Six banks themselves are less likely to feel the need to innovate, insulated as they are against the
competitive agitation of fintech companies by their
market position and regulatory balustrade, and cognizant that Canada's venture capitalism industry — usually the fuel for fintech — is far less fulsome
than America's.
The U.S., of course, is a much bigger and more
competitive market than Canada.
Canada's history of protectionism, on the other hand (in addition to restrictions on trade between provinces), has resulted in
markets that are generally less
competitive than those in the large U.S.
market and real wages that do not track productivity growth as closely:
«The energy
market is changing more rapidly
than we could have imagined, and it's changing because the costs of
competitive fuels are coming down,» says Simon Flowers, chief analyst at Wood Mackenzie, who predicts global demand for gasoline and diesel fuel will peak as early as a decade from now and «certainly» by 2030.
The
market was more
competitive than they expected, and they lost bidding wars on six properties.
It's a move that more
than doubles its potential
market, but it also puts Frank + Oak into a much more crowded and
competitive space.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital
markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3)
competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and
market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements
than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial
market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
We can not forget, however, that much of the competition faced by retailers in border regions comes from cross border shopping, which makes the retail
market even more
competitive than it would appear at first glance.
Definition: Money
market accounts pay
competitive interest rates (higher
than savings accounts) in exchange for the use of your money.Advice: Money
market accounts pay higher interest rates because they usually demand that you keep a higher balance.
With the lowest unemployment rate in the region in more
than five years and a more
competitive job
market, employers are doing more to try to retain their existing talent.
Broadband providers are traditionally more
competitive on pricing
than any other area of the home services
market, and despite Sky's recent promotional activity its share in this
market dropped two percentage points to 25 %.
For many years, China kept the renminbi weaker
than economic fundamentals dictated, to help its exporters stay
competitive in foreign
markets.
Final question (if that doesn't dig into your consultancy services)-- It seems most people simply «price surf» is lower
competitive prices more important
than marketing for conversions?
Factors that could cause actual results to differ materially from those expressed or implied in any forward - looking statements include, but are not limited to: changes in consumer discretionary spending; our eCommerce platform not producing the anticipated benefits within the expected time - frame or at all; the streamlining of the Company's vendor base and execution of the Company's new merchandising strategy not producing the anticipated benefits within the expected time - frame or at all; the amount that we invest in strategic transactions and the timing and success of those investments; the integration of strategic acquisitions being more difficult, time - consuming, or costly
than expected; inventory turn; changes in the
competitive market and competition amongst retailers; changes in consumer demand or shopping patterns and our ability to identify new trends and have the right trending products in our stores and on our website; changes in existing tax, labor and other laws and regulations, including those changing tax rates and imposing new taxes and surcharges; limitations on the availability of attractive retail store sites; omni - channel growth; unauthorized disclosure of sensitive or confidential customer information; risks relating to our private brand offerings and new retail concepts; disruptions with our eCommerce platform, including issues caused by high volumes of users or transactions, or our information systems; factors affecting our vendors, including supply chain and currency risks; talent needs and the loss of Edward W. Stack, our Chairman and Chief Executive Officer; developments with sports leagues, professional athletes or sports superstars; weather - related disruptions and seasonality of our business; and risks associated with being a controlled company.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely
competitive nature of the restaurant industry; factors impacting our ability to drive sales growth; the impact of indebtedness we incurred in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher -
than - anticipated costs to open, close or remodel restaurants; increased advertising and
marketing costs; a failure to develop and recruit effective leaders; the price and availability of key food products and utilities; shortages or interruptions in the delivery of food and other products; volatility in the
market value of derivatives; general macroeconomic factors, including unemployment and interest rates; disruptions in the financial
markets; risk of doing business with franchisees and vendors in foreign
markets; failure to protect our service marks or other intellectual property; a possible impairment in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or changes in accounting standards; and other factors and uncertainties discussed from time to time in reports filed by Darden with the Securities and Exchange Commission.
These competitors could introduce new solutions with
competitive price and convenience characteristics or undertake more aggressive
marketing campaigns
than ours.
Women entrepreneurship is a
competitive market on its own, but successful women business owners advise that nurturing and mutually beneficial collaborations can be much more successful for business growth and revenue
than acting as a lone wolf.
Since rising interest rates means the bond's fixed rate is not
competitive against newly issued bonds at higher
market rates, then it stands to reason that longer - term bonds (those with longer to pay at the lower rate) are going to see their prices fall further
than short - term bonds.
If the top ten results weigh in at less
than a day old, you know you are entering a
competitive market.
We can see from the above chart that the sales - to - inventory ratio in September 2013 (37 %) is higher
than it was in September 2012 (27 %) which tells us the
market is more
competitive today
than it was a year ago.
Supporters of an FTA with China, meanwhile, are more likely
than opponents to agree that it would give Canada a
competitive edge in the global
market, whereas Canadians who are uncertain about China's economic prospects tend not to support an FTA with China.
With the job
market more
competitive than ever and college grads burdened with astronomical levels of student loan debt, it's easy to see why millennials may choose to take a less aggressive approach when it comes to managing their savings.
We believe that Low / No Moat companies are so subject to the
competitive nature of the
markets in which they operate that their future is far more governed by luck
than by conditions within their control.
If you're in a seller's
market, a highly desirable and
competitive area, or simply in a city where real estate prices are higher
than average, you might have a difficult time finding a home you like, in a location you like, and home prices could rise in the meantime.
The combination of this
competitive job
market with a lower cost of living
than many Western countries means many Chinese workers are willing to work for less, which presents an opportunity for global companies to save on labour costs.
In a
competitive market where customers abound, but profits only average 1 to 3 percent, grocery stores have to make sure that each decision positively affects the bottom line, and those decisions concern way more
than the average shopper knows.
With more
than 70 % of California's winegrape acreage and case production engaged in the CSWA program, the industry has bolstered its environmental and sustainability credentials in the public policy and marketplace arenas, including the
competitive global
market,» said Robert P. (Bobby) Koch, president and CEO of Wine Institute.
Although the community forestry model has been in use in Cameroon for more
than 20 years, its adoption has been slowed by the limited capacity of local communities to comply with complicated regulations, operate
competitive enterprises, and access
markets for sustainable forest products.
«We must make the competition authorities understand that the
market is more open and
competitive than they tend to believe.»
«The discounters Lidl and Aldi are coming off quite a low base, they have less
market share
than in Europe or Australia — it drives a different
competitive dynamic,» he said, mentioning Lidl, another discount European food retailer.
Mr Daunt agrees, saying the UK
market is more
competitive than Australia because the top five chains share about 70 per cent of supermarket sales, similar to the combined share of Woolworths and Coles.
On this basis the trial judge concluded that (para 298) «if Franklins was in the relevant
market with Metcash (as the Commission clearly contended), it must be the case that the major supermarket chains, which his Honour found to be a closer
competitive constraint
than Franklins, must be included in that
market.»
A popular choice of discerning Los Angeles foodies and the Hollywood elite for more
than 50 years, The Coffee Bean & Tea Leaf ® remains the city's gold standard in a
competitive coffee and tea
market.
«The US is a very
competitive market, but if you consider some of these smaller foreign countries as a big city in the United States that you treat like a
market rather
than think, «This is a foreign country.
This is not a
competitive balance issue, it's not a quality of play issue, and if it's a
marketing choice, it is one that is actually more damaging to the brand
than it is helpful.
The
market is very
competitive these days and you wouldn't want another club to be quicker off the mark
than you.
While no bookmaker will have the best odds for every
market in every event, some are clearly more
competitive than others.
Stefan Harvey, infant nutrition program director for the Washington - based center, said 6 out of the 10 states with the largest infant nutrition programs have adopted
competitive bidding rather
than the open
market system to save the most money.
The retail
market for infant and convertible safety seats is extremely
competitive —
marketing ploys and tactics have convinced parents can that one car seat is better
than the other without having the facts to back them up.
«The
market is more
competitive than usual, «says Dan Fritts, a regional sales representative for Kimberly - Clark.
«And in less
than 12 months, $ 30 has gone from buying you unlimited data to not even covering 1 GB... There does not appear to be very much
competitive pressure keeping carriers from raising prices for customers — which is part of the reason that we are against even more consolidation in the
market.»
Hannum feels that her experience has given her a «much broader experience
than a laboratory postdoc would have,» and it made her much more
competitive in the job
market — she'll be starting a tenure - track position at Colby in the fall.
Satisfy your customers and win in the stock
market, says a new study by a team of researchers from Michigan's University Research Corridor, who found positive stock returns on customer satisfaction far out - distance
competitive market measures that have been in play for more
than half a century.
It is a derivative of testosterone and especially formulated for body builders and athletes and they prefers it like anything owing to its ability to gain strength and muscles faster
than other
competitive supplements in the
market.
It is probably the only hair product brand that is still standing firm in this
competitive market after more
than a decade!
In detailing how Oakland A's general manager Billy Beane fielded a
competitive small -
market team with less
than a third of the New York Yankees» payroll, Lewis notes a top - down shift in team - building philosophy.
Like all governments, they respond to political pressures and public opinion more
than to
market signals and
competitive incentives.