I need help with these questions
1. The structure of the market in which JetBlue operates (i.e. how competitive is it--monopolistic, oligopolistic, competitive, monopolistically competitive)? If your company turns out to have several huge, unrelated divisions--say forestry and cosmetics--you may choose to focus on just one division and discuss just that market.
2. What is JetBluee position in this market? Who are its closest competitors? To what extent do your company's decisions about pricing and output affect other firms in the industry?
3. What is the outlook for this industry in general and for JetBlue in particular? Are future prospects for its product(s) good, or likely threatened by newer products and emerging technologies?
4. Is there anything else that might have an impact on JetBlue future long-term government contracts, scandals, possible mergers, improved technologies, potentially ruinous lawsuits? How might they affect the company?
1. JetBlue operates in a competitive market.
2. Its closest competitors are AMR, Southwest Airlines and
If you'd like the rest of these answers, please respond below.
Yes Please
UAL Corporation.
Source:
http://finance.yahoo.com/q/co?s=jblu
JetBlue is a leader in low-cost airline travel and as such influences other airlines marketing to these customers.
3. Because of the down economy, all airlines are experiencing lower revenues because people aren't traveling as much as they used to. Corporations have found other ways of conducting some of their businesses. However Value Line Investment Survey (June 5, 2009 issue) rates JetBlue as being in a better position than most other airlines to weather this recession fairly well. The VL analyst, Damon Churchwell, states, "JetBlue will curtail fleet expansion as it focus on lifting free cash flow."
4. It's impossible to predict the future.
What do you think?
#4 Yes I agree
Probably the biggest danger to JetBlue would be a disastrous plane crash and expensive law suits brought by the families of the victims.
1. To determine the structure of the market in which JetBlue operates, you can start by researching the airline industry as a whole. Look for information on the level of competition and market concentration within the industry. Some key indicators to consider are the number of competitors, barriers to entry, product differentiation, and pricing behavior.
One way to analyze market structure is through the four main types: monopoly, oligopoly, monopolistic competition, and perfect competition. A monopoly exists when there is only one supplier in the market, while an oligopoly occurs when a few large companies dominate the industry. Monopolistic competition refers to a market with many competing firms offering differentiated products, and perfect competition entails numerous firms selling identical products.
In the case of JetBlue, you can specifically focus on the market for passenger air travel. Research the number of competitors in this market and their market share. Look into the level of product differentiation among airlines and the pricing strategies employed by companies. Based on the information you gather, you can determine whether the market is monopolistic, oligopolistic, competitive, or monopolistically competitive.
2. To understand JetBlue's position in the market, you need to identify its closest competitors. Look for other airlines that provide similar services, serve similar routes, or have a comparable target market. Analyze their market share, strengths, weaknesses, and competitive advantages.
Consider how JetBlue's pricing and output decisions can impact other firms in the industry. For example, if JetBlue lowers its prices, it may put pressure on competitors to reduce their prices as well. Conversely, if JetBlue increases its output in a specific market, it may affect the market share of other airlines operating in that area.
3. To assess the outlook for the airline industry and JetBlue specifically, consider both the general industry trends and the company's competitive position. Look for industry reports, market projections, and expert opinions on the future prospects of the airline industry. Identify any emerging technologies or newer products that could potentially disrupt the industry or change customer preferences.
Examine JetBlue's financial performance, customer satisfaction ratings, and recent developments. Assess how well the company has adapted to market changes and technological advancements in the past. Evaluate its ability to innovate and compete in the future.
4. In addition to the market and competitive factors, there are several other external factors that could impact JetBlue's future. These include long-term government contracts, scandals, possible mergers, improved technologies, and potential lawsuits.
Research the current and potential future impact of these factors on the airline industry and JetBlue specifically. For example, changes in government regulations or contracts could affect JetBlue's operations and profitability. Scandals or lawsuits can damage the company's reputation and financial stability. Assess how well the company is positioned to respond to these external factors and the potential risks and opportunities they present.
Remember to gather information from reliable sources, such as industry reports, financial statements, news articles, and expert analysis, to support your analysis and conclusions.