Argos success in Oligopolistic market Essay Example | Topics and Well Written Essays - 1500 words

Argos success in Oligopolistic market - Essay Example Argos is the market leader in the home retail group and it is considered as the largest and the most popular market leader in the market and home merchandise market. Argos is regarded as the leader in the digital retail and it is offering more than 33000 products and it is one of the most famous and largest online retailers in the UK. Argos mainly considers the function of cost for considering the different forms in the economies of scale. In order to match in the market to gain competitive advantage and survive in the market the company faces or encounters competition in the services that are being provided by Argos which is generally of superior value. The oligopoly market comprises of the following factors such as interdependency, losses that are sustained, abnormal profit and reserves and the market power. In case of Argos, it reflects and focuses on the innovation, performance, and investment in the products and services that are mainly provided by Argos. Taking into considerati on the competitive prices of offering various products and services of Argos it can be observed that the regulatory agency is mainly responsible for maintaining and also controlling the price of the products and services that are offered by Argos. The regulation of price is considered as a very complex and critical issue and therefore it is required to supervise the operation and the services of Argos. Argos which is considered as the largest and the most well-known home retail group in the world mainly measures its performance.