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Analyse the microeconomic conditions facing connoisseur icecream and two of its major competitors. Include: critically evaluate each brand's current patterns of supply and demand (consider
Analyse the microeconomic conditions facing connoisseur icecream and two of its major competitors.
Include:
- critically evaluate each brand's current patterns of supply and demand (consider sales, revenue, turnover, output and production)
- explain the factors causing shifts to the left and right of supply and demand
- analyse price elasticity of demand for each brand
- evaluate the current market structure of the product category
- evaluate the consequences of the current market structure for each brand.
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