Question 1. What are the chief economic characteristics of the boating industry? Answer 1.The major characteristic of the boat industry is the overall economy. 2.When the economy is booming then the sales of boats will increase. These types of boats are considered a luxury item and when the economy is failing‚ so are the sales. 3.The market size is relatively small with only 17 major skis and recreational wakeboard boat manufactures nation wide‚ including Australia. 4.Rivalry among the boat
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Porter’s 5 Forces Low Threat of Entry Ryanair benefiting from large economies of scale and have massively reduced long run average costs. They have struck deals with Boeing and Airbus for reduced prices (1/3rd of listed price) on 737 aircraft in bulk buying therefore new entrants to the market will not get these reduced prices as they do not hold a similar relationship and they will not be able to order in bulk. Ryanair have struck deals with many local airports over flight paths and
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INSTITUTE OF LAW‚ NIRMA UNIVERSITY Project on Analysis on the developmental scenario of “IRON AND STEEL INDUSTRY” in India. Submitted by: PATHMAJA RAGHUNATHAN (10BBL044) Subject: Legal Economics Programme: B.com L.L.B. (Hons.) Semester: 3rd Year: September‚ 2011 Submitted To: Prof. Arun Prasad (Course Coordinator) TABLE OF CONTENTS S.NO. CONTENT PAGE NO. 1. DECLARATION 04 2. CERTIFICATE 05 3. ACKNOWLEDGEMENT 06 4. CHAPTER-1 INTRODUCTION 1.1
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The Five Competitive Forces That Shape Strategy Competition for industry profits goes beyond the direct competitors in the business. It included four other competitive forces as well: • Customers • Suppliers • Potential entrants • Substitute products This extended rivalry that results from all five forces defines an industry’s structure and shapes the nature of competitive interaction within the industry. Industry structure drives profitability‚ not products or services‚ or mature or
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1.0 INTRODUCTION: AISI 304L austenitic stainless steel is widely used as engineering materials due to its high strength and good corrosion resistance properties. However‚ AISI 304L stainless steel undergoes extensive wear and erosion when applied as components in aggressive environments such as petro- chemical and marine atmosphere [1]. Solid particle erosion is defined as the progressive loss of material from a solid surface due to mechanical interaction between the surface and some fluid entrained
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The European Airline industry has gone through a lot in the past century since the establishment of the first public airline after the World War I. Until a few decades ago most of these airlines were national and at least partially state owned‚ and most of the European countries had at least one‚ with direct government control. Significant change in this only came in the 1990’s with the appearance of the low cost airlines. While the business model existed for some time (first such in 1973 US)‚ the
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The twelve year return-on-equity data for the Tobacco Industry of 27.9% is substantially above the all-industry average of 14.1% given in the Business Week data. Examining Porters five forces reveals the keys to the Tobacco industries superior profit performance. The price customers are willing to pay for a product depends‚ in part‚ on the availability of substitutes. The absence of close substitutes in the case of cigarettes means that consumers are comparatively insensitive to price increases
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(Competition in the Chinese Automobile Industry) Some early entrants (such as Volkswagen) succeeded‚ while some early entrants (such as Peugeot) failed. Similarly‚ some late entrants (such as Honda) did well and some late entrants (such as Ford) continue to struggle. From a resource-based standpoint‚ what role dose entry timing play in determining performance? After long and difficult negotiation that began in 1978‚ Volkswagen in 1984 entered a 50/50 JV with Shanghai Automotive Industrial Corporation
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multinational corporation that designs and sells consumer electronics‚ computer software‚ and personal computers. The company ’s best-known hardware products are the Macintosh line of computers‚ the iPod‚ the iPhone and the iPad. Its software includes the OS X and iOS operating system; the iTunes media browser; and the iLife and iWork creativity and production suites. Apple is the world ’s third-largest mobile phone maker after Samsung and Nokia. Established on April 1‚ 1976 in Cupertino‚ California‚ and
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1. Discuss the trends in the golf equipment industry and how it may impact a company’s strategy. Ans: According to new the United States Golf Association (USGA)‚ Golf equipment manufacturers are forced to launch the equipment within the limitation. Therefore‚ the product differentiation is not quite high while recreational golfers do not enjoy playing due to lack of innovational equipment. Also‚ the USGA states that there are various factors that result in the declining of golfers such as:
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