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Market Structure
Rob Walton Consultant with
Indiana Wesleyan University
Although Ford Motor Company is having issues
with money, it is still an oligopoly. Ford can still
affect the market with their automobiles. The
world market still waits to see what we are going
to do with our products. Potential automobile
manufacturers trying to get into the market still
wish they could have the kind of success we have
had in our long history.
Opportunity Cost
In order to better understand
opportunity cost please watch the
following video.
Opportunity cost from the video.
1. In the video above, Ford must weigh the cost between laying off people and
redistributing that money into other facilities that could potentially make more
money for the company.
2. Another scenario could be the money paid to the white-collar workers that
were layoff could go into paying blue-collar workers to work overtime to produce
more products.
3. Money from the white-collar workers could go toward hiring more blue-collar
workers.
4. Money from the white-collar workers could also go toward buying more
machinery to produce more products.
The Competition
TOYOTA MOTOR CORPORATION
Volkswagen
Tesla
Daimler
General Motors Company
Honda Motor
There is a lot of competition in this industry. But
Ford has the experience and the knowledge to
make a huge come back. We have to keep our eyes
on the prize and focus on getting better. If we work
as a team, there is nothing that can stop us from
being the best automobile manufacturer in the
world again!
3.7 Digital Story - Structure, Costs, and Competition
3.7 Digital Story - Structure, Costs, and Competition

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3.7 Digital Story - Structure, Costs, and Competition

  • 1.
  • 3. Rob Walton Consultant with Indiana Wesleyan University
  • 4.
  • 5. Although Ford Motor Company is having issues with money, it is still an oligopoly. Ford can still affect the market with their automobiles. The world market still waits to see what we are going to do with our products. Potential automobile manufacturers trying to get into the market still wish they could have the kind of success we have had in our long history.
  • 7. In order to better understand opportunity cost please watch the following video.
  • 8.
  • 9. Opportunity cost from the video. 1. In the video above, Ford must weigh the cost between laying off people and redistributing that money into other facilities that could potentially make more money for the company. 2. Another scenario could be the money paid to the white-collar workers that were layoff could go into paying blue-collar workers to work overtime to produce more products. 3. Money from the white-collar workers could go toward hiring more blue-collar workers. 4. Money from the white-collar workers could also go toward buying more machinery to produce more products.
  • 13. Tesla
  • 17. There is a lot of competition in this industry. But Ford has the experience and the knowledge to make a huge come back. We have to keep our eyes on the prize and focus on getting better. If we work as a team, there is nothing that can stop us from being the best automobile manufacturer in the world again!