Company – Walmart
· Summarize the differences between the four market types.
· Provide a general explanation of how business may maximize profit within each market type.
· Identify the market type in which the selected business exists.
· Explain how this market type affects the selected business’s ability to maximize profits.
· Determine the optimal profit maximizing strategy for the selected business within its given market type.
· Explain specifically how this strategy may be used to maximize profits within the given market type.