Cereal the manufacturing industry essay

Meaning and Classification Article shared by: Read this essay to learn about Manufacturing in an Industry. After reading this essay you will learn about:

Cereal the manufacturing industry essay

The Manufacturing Industry Cereal: The Manufacturing Industry Everyday, more than eighty million Americans have some type of cereal for breakfast.

Cereal:the Manufacturing Industry - Research Paper

Cereal is one of the most popular breakfast foods and some brand is found in almost every home in America Topher. This vast industry stems from the late s when John Harvey Kellogg and C.

Post began cereal production in Battle Creek, Michigan Topher. Today, numerous types and varieties of cereal line the grocery store shelves.

However, only a few select companies make every one of those different kinds of cereal. There are four different categories into which economists classify industries. These categories are perfect competition, monopolistic competition, oligopoly, and monopoly. Each of these four categories has its own unique characteristics.

Perfect competition has an unlimited number of firms, while a monopoly has one single firm, and an oligopoly consists of a small number of interdependent firms. The demand curve of an oligopoly depends on how firms choose to deal with their interdependence with the other firms in the industry.

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A firm within an oligopoly market can choose to cooperate with other firms in the industry, which is illegal, or the firm can choose to compete against the other firms.

An oligopoly produces either differentiated products or homogenous products. In an oligopolistic market, entry barriers, which prohibit new firms from entering the industry, are present.

Cereal the manufacturing industry essay

Examples of entry barriers include patents, brand loyalty and trademarks. Long-run economic profits are possible for an oligopoly, and non-price competition is a significant way to compete with other firms in the same market.

Most of the non-price competition in an oligopoly comes from product differentiation. The cereal manufacturing iGet expert industry market research on Cereal Production in the US.

Industry market research reports, statistics, data, trends, forecasts and information.

Cereal the manufacturing industry essay

Save time, save money, generate more revenue, mitigate risk and make faster and . See Companies in the Breakfast Cereal Manufacturing Industry SIC Code: SIC and NAICS codes are industry standard codes that describe an industry's basic categorization.

Established in the United States in , it is used by government agencies to classify industry areas. Cereal: the Manufacturing Industry Essay Cereal: The Manufacturing Industry Everyday, more than eighty million Americans have some type of cereal for breakfast.

Cereal is one of the most popular breakfast foods and some brand is found in almost every home in America (Topher). The cereal manufacturing industry consists of four different firms that control almost all of the market. These companies are Quaker Oats, Kellogg, Kraft Foods, and General Mills (Lazich 68).

In , General Mills and Kellogg led the industry with a market share of and percent, respectively (68).4/4(1). Cereal:The Manufacturing Industry Everyday, more than eighty million Americans have some type of cereal for breakfast. Cereal is one of the most popular breakfast foods and some brand is found in almost every home in America (Topher) 4 / Free Term Papers On Kellogg'S Will Keith (W.K.) Kellogg, was born April 7, Cereals sold in natural channels often include varieties from smaller, more niche manufacturers, including those that sell cereals that are gluten free, non-GMO, organic, and/or contain ancient grains.

Essay on Manufacturing : Meaning and Classification