ECO 365 Week 5 Learning Team - Competitive Strategies &Government Policies

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As a team, choose an industry. Assume management in that industry has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.
Write a 1,400 – 1,750 word paper in which you describe how each of the following are now, and will in the future, affecting your chosen industry:
• New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity in your industry or one with which you are familiar–horizontal, vertical, or conglomerate–and explain why you made that choice.
• Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
• Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry
Recommend how the industry you chose may respond to each of the previous points.
Format your paper consistent with APA guidelines.

Competitive Strategies and Government Policies

In 1769, the first human transport automobile was created by using a steam engine. In 1806, the automobile evolved from the steam engine to an internal combustion engine which was powered by fuel gas. Nearly eighty years later, the petrol-fueled internal combustion engine was created. Electric power was briefly introduced in the 20th century.
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