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HI6008- The Effect of Monopolies on Australian market
In an industry, success of every business organization depends on the method that is adopted to target customers, understanding industry and look on the market. A company can get a larger share of the target market, if it adopts different characteristics of the market quickly and addresses the demand of the market in an effective manner (Leigh and Triggs, 2016). But the survival of the companies in the market may not be only possible from the successful adaptation of the market’s characteristics but it will need some extra approach that can help to hold the existing customers base from the influence of the other organizations (Genakos et al., 2018). In this regard, this research study will include the discussions how a research study related to the Australian market can be done to describe the effect of monopoly on the market of that country.
2. Project Objective
To attain the research problem in a more effective and acceptable manner, research objectives play most important and effective role as it facilitates in dividing research problem into various important parts that help in collecting data and information to address the research problem. Below are few research objectives:
• To recognize what aspects of organizations contribute to them being a part of the monopoly.