in the beauty products industry is strong. The creation of innovative products is vital to success. This industry focuses on continually developing cutting edge products using the latest science and technology. Rivalry is stronger when customer’s costs to switch brands are low. Switching costs in the personal care industry are very low‚ due to the large amount of different brands of similar products. This cost is due to the higher number of competitors in the personal care industry and their tendency
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Report Outlook for Personal Care Industry: An Indian Perspective T he Indian personal care industry has taken rapid strides in the last few years‚ moving towards premium products incorporating specialty ingredients in their formulation. However‚ a comparison with per capita consumption in China reflects the largely untapped nature of the Indian market. Favorable demographic factors and increasing beauty consciousness indicate high future demand for personal care products and specifically for
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Personal Care Products Council (Redirected from Cosmetic‚ Toiletry‚ and Fragrance Association) The Personal Care Products Council (previously the Cosmetic‚ Toiletry‚ and Fragrance Association or CTFA) is an industry group comprised of more than 600 member companies. [1] [2] Its website states: [3] CTFA strives to ensure that the personal care products industry has the freedom to pursue creative product development and compete in a fair and responsible marketplace. CTFA represents the industry’s
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Fast moving consumer goods are non-durable products that are sold quickly and at relatively low cost. The products are sold in large quantities‚ so the cumulative profit on such products can be large. This leads to a recurrent cycle of consumption that makes it feasible to mass produce the goods. Thus Fast Moving Consumer Goods (FMCG)‚ are the products that are sold quickly at relatively low cost. Though the absolute profit made on FMCG products is relatively small‚ they generally sell in large
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BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
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BANKING INDUSTRY AND THE NIGERIAN ECONOMY POST-CONSOLIDATION By B. B. EBONG GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE UNION BANK OF NIGERIA PLC ABSTRACT Against the backdrop of the role of banks as financial intermediaries and their function as the engine of growth of the economy‚ this paper examines the extent to which the banking industry has helped to stimulate economic activities in Nigeria and what the prognosis looks like in the post-consolidation era. The paper notes that the banking industry in
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Comparison of Health Care in U.S. and Nigeria Carlyn Ryland Dr. James Johnson HSC 507 Health Systems May 15‚ 2010 I. Introduction: Description and location of Nigeria Nigeria is located in the horn of Africa‚ bordered by the countries of Niger in the north‚ Chad in the northwest‚ Cameroon in the east‚ and Benin in the west. The Gulf of Guinea completes the southern border of Nigeria‚ which is part of the Atlantic Ocean that gives the country 853 km of coastline. Nigeria composes a
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PETROLEUM PRODUCTS MARKETING INDUSTRY IN NIGERIA: WHAT ARE THE ISSUES? ABSTRACT: The process of getting petroleum products off refineries and getting them to the costumer has become one of the biggest industries in the energy sector‚ with so much economic implications. Interestingly‚ petroleum products market is quite unique from the crude oil market‚ owing to the scale of operations‚ unique demand and market size. Petroleum products marketing
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Sex/Gender and Personal Care Products For this application paper‚ I chose to write about personal care products as they relate to sex and gender. I chose this topic because I think that separate personal care products for men and women are‚ for the most part‚ ridiculous‚ and I also wanted to see what sort of differences there were between the two genders’ answers to the questions. The people I had complete the survey were around the same age‚ which could have affected the results‚ but I found
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1. EXECUTIVE SUMMARY 1.1. Beauty and personal care shows no signs of slowdown This category continued to show consistent growth in terms of value in 2012 Main drivers of growth : Acceptance of higher-priced products with new claims by urban consumers New consumers in second and third-tier cities continued to show greater interest in self-grooming. The leading companies introduced products in smaller pack-sizes and innovative pack formats to leverage consumer
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