[GMS 402] - Final Exam Guide - Comprehensive Notes for the exam (118 pages long!)

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 402
• Professor: Ahmed Mawashi

Document Summary

Measures the size of rms within an industry. Four firm concentration ratio: the fraction of total industry sales generated by the four largest rms in the industry. Her ndahl-hirschman index: the sum of the squared market shares of rms in a given industry multiplied by 10000. >in many industries, the relevant markets are local and may be composed of only a few rms. >when relevant markets are local, the use of national data tends to understate the actual level of concentration in the local markets. >the de nition of product classes used to de ne an industry also affects indexes. Industries also differ with regard to the technologies used to produce goods and services. Some industries are very labour intensive requiring much labour to produce goods and services, and other industries are very capital intensive, requiring large investments in plant, equipment, and machines to be able to produce goods or services.