Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Nike supply and demand

27/03/2021 Client: saad24vbs Deadline: 2 Day

SUPPLY AND DEMAND CONDITIONS AND PRICE ELASTICITY 1

SUPPLY AND DEMAND CONDITIONS AND PRICE ELASTICITY OF DEMAND 7

Supply and Demand Conditions and Price Elasticity of Demand

Ayanna Marshall

Southern New Hampshire University

June 3, 2018

Supply and Demand Conditions and Price Elasticity of Demand

Demand and supply provide a critical setting where it is possible to determine whether an organisation is performing within an industry. High demand and supply are essential in creating a well-developed business environment where it is possible to achieve a higher level of organisational success. Organizations, therefore, put in place strategic measures to influence the performance levels of their products in the Market. Price elasticity is based on the changing prices of products and its influence on demand. Nike is one of the well-engaged companies in the Apparel Accessories Sports equipment industry. Key measures have been put in place, which was aimed at improving the company performance within the industry.

Demand and supply conditions for Nike products

The company operational strategy has focused significantly on the need to diversify company performances, which have been essential in creating a highly diversified business setting where it is possible to achieve a higher level of success based on the sales that are made by the company. The highly competitive nature of the Apparel Accessories Sports equipment industry has ensured that the company can transform its operational. Production and marketing strategies to remain competitive within the market. The company’s demand and supply conditions have been central to strategic measures that are put in place where it is easier to ensure that the strategies and policies that have been put in place improve the company performance levels (Brohi et al., 2016).

The company has maintained steady development over the years getting its highest sales in 2015, which was an increase of 26% regarding broad-based revenue growth. The connection that the company has established with consumers through customer-centered approach has been essential in creating a highly competitive setting where it has been possible to maintain a significant share within the industry. The specific target market has also created a highly distinct and effective strategy where the company has been able to achieve a higher level of organisational success over the years.

Image result for Nike demand and supply

The company has produced some of the bestselling brands in the market. In 2013, the company created the Air Jordan shoe, which was limited to 505,000 pairs, and the steel model, which was sold at the cost of $225 a couple. The popularity of the Steel show was very high that the demand was extremely high regardless of the income of buyer. The limited availability of the company products has been a strategic move, which has been developed by the company to eliminate the threat of counterfeits in the market and boost sales and demand.

The company's strong brand in the market has been vital in improving the demand for the company products due to unique quality. Nike's supply chain has been mostly successful over the year. It has strategically outsourced its factories to third parties to control the cost of production with its 744 companies in over 43 countries. Most of the company’s factories are found in the United States, Vietnam, Thailand and China (Ramaswamy & Ozcan, 2016).

Image result for Nike demand and supply

Quality, design and brand have been key factors that have had a significant influence on Nike Inc. strong presence within the Apparel and sports industry. These factors are essential in improving company presence, which enhances its performances and revenue generation.

Price elasticity

The price elasticity of demand takes into consideration the response of the quantity demanded based on the change in the price of products and services delivered. The flexibility of the product is determined by diverse factors which include the availability of alternatives, time and consumer income. The Apparel and sports industry have significant close substitutes available and thus critical focus on essential processes that are put in place develop a highly integrated focus on fundamental concepts, which define market engagement (Distelhorst et al., 2016).

The availability of direct competitors makes it critical for the company to integrate strategic measure, which is essential in defining the strategies that the company is willing to implement and achieve a higher level of success within the market. Nike Inc. has embraced a flexible pricing strategy where each of the products that are provided by the company has a different price. The company products range from $60 to $400.

Image result for Nike demand and supply

Despite the presence of stiff competition, the company has been having annual growth in sales, which have positively influence revenue growth over the years. Some of Nike Inc. brands have had massive success across different markets. The Jordan shoe has been one of the key Nike brands that the company has ever produced. Despite the high prices ranging from $170 to $400, customers are more than willing to wait in line to get a pair (Jacobs, 2015).

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

WRITING LAND
Top Essay Tutor
Phd Writer
Calculation Master
University Coursework Help
Solution Provider
Writer Writer Name Offer Chat
WRITING LAND

ONLINE

WRITING LAND

I have read your project details. I can do this within your deadline.

$36 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I will cover all the points which you have mentioned in your project details.

$26 Chat With Writer
Phd Writer

ONLINE

Phd Writer

I have read and understood all your initial requirements, and I am very professional in this task.

$21 Chat With Writer
Calculation Master

ONLINE

Calculation Master

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$16 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$28 Chat With Writer
Solution Provider

ONLINE

Solution Provider

I have read your project details. I can do this within your deadline.

$22 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Swales discourse community summary - Wireshark dns solution - Hcf of 84 and 144 - Chicken egg banana riddle - Cost effective - Journal - Hamlet to be or not to be - Shakespeare the merchant of venice pdf - All of the following are characteristics of a perfectly competitive market except - Loughborough urgent care centre opening times - Naplan writing marking guide 2021 - Monash residential services email - Ridgecrest school dispute teachers association position - The budget performance report received by the plant manager would be - ITCC200 - Www printeron com ddl bear - Montgomery Bus Boycott - Criminal Justice Paper - Http www apa org pubs databases psycinfo index aspx - Order 2442397: Designing a building at the softball complex with bathrooms for the fans and locker room for the girls with laurdry room - Kaiser permanente hazard vulnerability analysis - Calculus coaster project answers - Advertising and integrated brand promotion edition - Organization wide policy framework implementation plan - Madden corporation manufactures t shirts - How to make black powder without sulfur - The book of micah presents a divine lawsuit - Hp 820 flash cache - Object oriented integration and system testing - Linear induction motor how it works - Heating curve of water lab data - The wife's story analysis and comprehension questions answers - 7 segment display decoder - Essay - Discussion needed by Thur by 5pm - Containerization in Maritime Shipping , High Customer Integration and Satisfaction, Social Policy - Write a program to provide the following tasks for a Dictionary object - Business communication and ethics - Ontario graduate scholarship guelph - Trinity esol entry 3 - Pt bd sharma university of health sciences rohtak - Single phase induction motor - CAREER EXPLORATION ASSIGNMENT - PSY 6-1 - Create a scenario summary report excel 2013 - Article Critique - Project Management - Total customer benefit example - The house of the scorpion chapter summary - Skip downing on course 8th edition pdf - Without exaggeration crossword clue - NEED IN 8 HOURS or LESS - Health science 410 - Conflict in much ado about nothing - Panera bread case study financial analysis - History of human services timeline - Social Media - Guidelines for drawing causal loop diagrams - What does schwartz values survey measure - Information system - Netflix strategy case study - Stimulus for narrative writing - Use hint on history relic photo from pink eye - Excel Homework 2 - Olga is the proprietor of a small business - Active directory design proposal - Some lessons from the assembly line andrew braaksma - What is the diameter of mercury - Rms voltage of half wave rectifier - How was uluru formed simple - Information system - Professional Portfolio - Zalora value proposition - Glow worm hideaway open flue - Sbs documentary cronulla riots - INR - Essay - PS 1000 Ultimate Medical Academy - What are the alternative methods for building information systems - Catholic saints - Oliver cromwell relationship with parliament - Mine overseer certificate of competency training - Laminex kitchen colour combinations - Name three famous robots and tell what they do - Obstacles to implementing standardized terminologies within ehrs - Mericans by sandra cisneros theme - Pre lab questions chemistry answers - Testout 4.4 7 - Sony market segmentation targeting and positioning - 3 reasons college still matters - Observation of project - Romeo and juliet guided reading questions answer key - Systems engineering principles and practice 2nd edition solution manual - Freight car loadings over a 12 - Assignment - Ra rf b rm rf - Twyford c of e - ESSAY - How to make a paper lifeboat - Certificate of title victoria australia - Is there anybody who can do this please, due by Tuesday