The UK mobile phone market is one of the most competitive markets in the world. This sector has developed and also expanded over the years and the increasing competition has resulted into falling consumer prices of the mobile phones. The increased competition in the UK mobile phone market has underpinned decline in their prices despite the increasing demand from the mobile users (Ofcom, 2014). New investments and innovations have been witnessed in the mobile market in the UK which has resulted into new products and network services hence increasing the choice by the consumers. The consumers view on the mobile market in the UK is that the prices of these products are favorable, and the prices are competitive because of the increasing number of players in the market (Ofcom, 2014). Research in the UK market, therefore, shows that the mobile phones prices have continued to fall despite the increasing demand from the mobile phones users. This forms the basis of this research to explain the factors that determine the prices of mobile phones in the UK an also examine why the prices have continued to fall despite the increasing demand from the users in the UK.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The factors determining the price of mobile phones in the UK
- Why the Price of Mobile Phones are Falling despite Increase in Consumer Demand in UK
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research aims to explain the factors that determine the prices of mobile phones in the UK and examine why prices have continued to fall despite increasing demand from users.
- The impact of supply and demand on mobile phone prices in the UK
- The role of price competition among vendors in the UK mobile market
- The influence of the cost of production on mobile phone pricing
- The effects of technological innovation on the mobile phone market
- The significance of competitive price disruptions in the UK market
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This section provides an overview of the competitive nature of the UK mobile phone market, highlighting the trend of declining prices despite increasing consumer demand.
- The factors determining the price of mobile phones in the UK: This chapter explores the various factors influencing mobile phone prices in the UK, including supply, competition from other vendors, cost of production, and technological innovation. It examines how these factors have contributed to a downward pressure on prices.
- Why the Price of Mobile Phones are Falling despite Increase in Consumer Demand in UK: This chapter analyzes the reasons behind the continued price decline of mobile phones in the UK, focusing on the role of intense price competition, the increasing number of new market entrants, and the impact of price elasticity of demand.
Schlüsselwörter (Keywords)
This research focuses on the factors influencing the price of mobile phones in the UK, with particular emphasis on the competitive nature of the market, the role of supply and demand, and the impact of technological advancements. Key concepts include price elasticity of demand, cost of production, and competitive price disruptions.
- Quote paper
- Caroline Mutuku (Author), 2018, Factors Determining the Price of Mobile Phones in the UK Market, Munich, GRIN Verlag, https://www.grin.com/document/430696
