1
Q
WHAT HAS HAPPENED TO THE PICE OF LITHIUM since November 2022
A
It peaked at approximately $84,500 per metric ton. by feb 2025 it had fallen below $10,000
2
Q
factors that lead to decrease demand for lithium
A
- over supply in market: producers ramped lithium extraction but slew adoption in places like ASIA not meeting expectations.
- Slower EV adoption
3.Increased global production - Shifts in battery technology, less dependent on lithium heavy products
- Policy and trade dynamics: trumps tariff have put a lot of uncertainty in ev market and Tesla a main ev producer saw sales fall 13% in q1 2025
3
Q
What are some facts about octopus energy
A
-Has a 24% market share in 2024 overtaking British Gas
4
Q
what is an example of horizontal integration
A
Octopus energy acquiring shell energy and bulb energy
5
Q
what kind of brand is Octopus energy in energy market
A
Challenger brand
6
Q
Why has octopus being so successful
A
Because they have risen to prominence quickly and scaled quickly too.
7
Q
what happened to Aldi’s market share in 2023
A
ALDI became the 4th largest uk supermarket overtaking Morrisons.
8
Q
what is the 5 firm concentration ratio of uk super market industry
A
66%
Theme 3
flashcards
Decks in class (21)
# Cards
-
3.1.1 Size and types of firms10
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3.1.2 Business growth33
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3.1.3 Demergers5
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3.2.1 Business objectives14
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3.3.1 Revenue14
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3.3.2 Costs31
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3.3.3 Economies and diseconomies of scale (main)20
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3.3.4 Normal profits, supernormal profits and losses ( main)14
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3.4.1 Efficiency26
-
3.4.2 Perfect competition20
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3.4.3 Monopolistic competition10
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3.4.4 Oligopoly29
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3.4.5 Monopoly30
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3.4.6 Monopsony16
-
3.4.7 Contestability14
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3.5.1 Demand for labour21
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3.5.2 Supply of labour19
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3.5.3 Wage determination5
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3.5.4 Labour market failure and government intervention16
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3.6.1 Government intervention39
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APPLICATION8
