fast food restaurants for that reason. 5. If all other factors are equal‚ what is likely to happen to the supply of a product if the price goes up? Why? Explain. (3-6 sentences. 3.0 points) Supply is how much of something is available. Demand is how much of that thing that people want. If the price of a product goes up‚ its supply is going to go up and the demand will go down. People always want the best price. 6. If all other factors are equal‚ what is likely to happen
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Economy is a very crucial topic in every country of the world. Economy plays a major role in people’s lives‚ because it’s a part of their will being. Thee major factors of the economy of its production are land‚ labor‚ and capital‚ which are all very closely interdependent with each other. Looking at the first factor of production "land"‚ we see that land gives us food‚ money‚ place to live and enjoy our lives. For example‚ the family farm (Project#6) is still a very important part of American
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INTRODUCTION TO AUTOMOBILE INDUSTRY The automotive industry designs‚ develops‚ manufactures‚ markets‚ and sells motor vehicles‚ towed vehicles‚ motorcycles and mopeds as defined in ISO 3833‚ and is one of the world’s most important economic sectors by revenue. Automobiles changed the world during the 20thcentury‚ particularly in the United States and other industrialized nations. From the growth of suburb to the development of elaborate road and highway systems‚ the so called horseless carriage has forever altered the modern landscape
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Running head: SUCCESS IN AUTOMOBILE INDUSTRY Success in automobile industry: General Motors and Ford Motor Co. May 8th‚ 2008 Abstract Automobile becomes a necessary of transportation. As the result‚ every automobile manufacturer is trying to share in automobile market. At beginning‚ there were only few automobile manufacturers in the world‚ especially in the United State and Europe. As time passing by‚ not only American auto brands and European auto brands
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You are here: Home › World Industries › Auto Industry › Auto Industry | Automobile Industry | Car Industry Auto Industry | Automobile Industry | Car Industry Automobile Industry History : In the year 1769‚ a French engineer by the name of Nicolas J. Cugnot invented the first automobile to run on roads. This automobile‚ in fact‚ was a self-powered‚ three-wheeled‚ military tractor that made the use of a steam engine. The range of the automobile‚ however‚ was very brief and at the most‚ it could
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Automobile Industry Mirza Rohail Baig 1 February‚ 2009 Pakistan is an emerging market for automobiles and automotive parts offers immense business and investment opportunities. The total contribution of Auto industry to GDP in 2007 is 2.8% which is likely to increase up to 5.6% in the next 5 years. Total gross sales of automobiles in Pakistan were Rs.214 billion in 2006-07 or $2.67 billion. The industry paid Rs.63 billion cumulative taxes in 2007-08
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Introduction to Automobile Industry AUTOMOBILE INDUSTRY Indian automobile industry has grown leaps and bounds since 1898‚ a time when a car had touched the Indian streets for the first time. At present it holds a promising tenth position in the entire world with being # 2 in two wheelers and # 4 in commercial vehicles. Withstanding a growth rate of 18% per annum and an annual production of more than 2 million units‚ it may not be an exaggeration to say that this industry in the coming years will
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AUTOMOBILE INDUSTRY IN INDIA The automotive industry in India is one of the larger markets in the world and had previously been one of the fastest growing globally‚ but is now seeing flat or negative growth rates. India’s passenger car and commercial vehicle manufacturing industry is the sixth largest in the world‚ with an annual production of more than 3.9 million units in 2011. According to recent reports‚ India overtook Brazil and became the sixth largest passenger vehicle producer in the world (beating
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Executive Summary: Industry Selected: Automobile industry has been focused in this analysis being one of the fastest growing industry eventhough it’s highly competitive in the recent years. Since 2005‚ there are several changes in the Automobile Industry due to globalization and the demand for high featured cars from the growing economical countries despite the oil shortage which is a challenging the industry. Methodology: Te below analysis of the Global Automobile Industry is based on the PORTER’s
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Porter’s Five Forces of automobile industry. Globalization had indeed left its impact on the automobile industry. Now foreign auto dealers were facing lesser restrictions to operate in overseas markets. Michael E. Porter in his book “Techniques for analyzing industries and competitors” dealt with five competitive forces that shaped all industries. This helped to analyze the intensity of competition which had an impact on the profitability of an industry. The US automobile industry was considered as
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