Social cultural environment is the firm specific social structure, customs, beliefs and values, behaviour norms, lifestyles, cultural traditions, population size and geographical distribution. It affects the operation of firm. As the domestic political stability, economic growth steadily resulting in environmental awareness of the community generally increased and good for rubber production. People living standards improve and change consumers attitudes can let rubber gloves sales have a breakthrough. So, this product is very impressive in consumer market. (efficient and effective) The environmental and human impacts caused by rubber glove. The eco efficiency concept of rubber glove product was interested. First important step of eco-efficiency …show more content…
Direct sales is do not sell through the brokers and directly sold product to customers. It can reduce the cost of circulation and satisfy the needs and interests of customers. Distribution channels can help to rapidly dominate the market, establish a brand image and reduce costs to expand he scale of reproduction. People can adopt from Alibaba, Ansell, Taobao, etc to find the product from these platform. (demand and growth analysis) During the development of domestic medical and health undertakings, there is an increasing demand for medical gloves and inspection gloves. Especially the spread of AIDS, medical gloves and checks gloves are growth rapidly in demand. In addition, higher health requirements of catering, food processing industry also have new requirements of rubber gloves. The demands of China’s rubber gloves are 37.81 billion in 2006. In 2009, other demands are 52.86 billion, average growth rate is …show more content…
If the increase of buyer will increase the demand of rubber gloves and the demand curve will shift to the left. When consumer 's income increase, the quantity demand of rubber gloves will increase. Supposing the needs of rubber gloves for one family is 5 per each day, the demand of rubber gloves will need a large amount to support the supplied because there are many household in China cause the demand of rubber gloves increasing. (supply) China is producer of latex gloves and production enterprises more than 100. The growth of domestic market demand and rubber gloves product sales are steady upward trend in recent years. China’s export of rubber gloves are in a larger proportion. Due to the economic crisis in the second half of 2008, export sales decline significantly in 2009, and it resulting domestic production in 2009 significantly reduced. When the price goes up, the quantity supplied will goes up. For instance, supplier must according to the need of each person to deciding the quantity of supplied. If the future prices of rubber gloves decline, supply curve will shift to the right. Example, the price of rubber glove is CNY1.50 , the quantity demanded is 200, the quantity supplied is 300, will have a shortage of demand called excess supply, because of Qs>Qd. If there have a change in supply and demand, when demand increase, supply will also
TASK 3C (P3.3) In this criteria, I will explain how business environment such as political, social, technical, legal and environmental and cultural environment shape the behavior of Target Corporation. First what is cultural environment? It is an arrangement of convictions, practices, traditions and practices that are observed to be common to everybody that is living inside a specific population.
Mdelic Wasatch Outerwear’s net sales increased significantly from January to July. This is due to increase of the 1000 and 1200 product unit sales by almost 12%. According to this report, we can tell that item 1000 (Xtex Rain Jacket) has the highest percent of sales 11.90% with sales of 1,521 units and item 1200 (Merino Wool Top) has similar distribution 11.66% with sales of 1,132 units. These sale increases were partially offset by lower 1300, 1400, 1500 and 1600 average selling prices, which sales were up by almost 5%, as well as higher 2000 and 2100 average selling prices which sales were up by almost 10%.
A direct marketing channel utilizes telemarketing, mail order sales, catalog sales, and forms of online shopping to route products directly to consumers (Lamb, Hair, McDaniel, Pg. 246). In order to use other marketing channels the need for higher production quantities would be presented, for example if you make 100 knives and sell them direct to clients when you are out of stock that is it; contrary when completing transactions through retailers the manufacturing of larger amounts of product must happen first in order to get them distributed to store locations. There is a good chance that the high quality standards that work under the direct channel may suffer in the efforts to mass produce goods. The forever guarantee that is offered by Cutco is top of the line.
The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.
Price and demand of an item is significant viewpoint which must be considered by Toyota in promoting economy as price and demand impact purchaser what to purchase. Customer’s demands all the more in lower price and less at higher price. Price elasticity of demand is a measure of the greatness by which customers modify the amount of some item that they buy in light of progress in the price of that item Boyes and Melvin (2012). Price elasticity of demand will help Toyota to decide the amount an
Supply is defined as the quantity a producer will supply at a given price. A supply curve shows the relationship between the price and the quantity supplied. The law of supply says that “ as price of a good increases the quantity supplied increases”. There is a positive relationship between the price and quantity
These suppliers are concentrated in Jakarta and can be purchased from for just-in-time procurement. The number of suppliers of this input is high as these materials can be procured from foreign suppliers as well. The cost of switching to another supplier is low and therefore, suppliers of this degree have little bargaining power. However, businesses in the mattress industry compete on technological superiority.
Largely, the entry of the company into the distribution channels has limited the threat of major or powerful suppliers. The company has created its own retail stores and online web marketing. This approach aims at capturing the consumers that would want to order the product directly from the manufacturer. In fact, the online marketing model does not only enable the firm to sell directly to the respective consumer, but also enables the firm to identify the unique needs of the consumers. The direct link between the consumers and the company is critical to continuous growth of the company.
3.1 Explain how products are developed to sustain competitive advantage There are three levels of coca cola’s products. They are core product, actual product and augmented product. Core product Coca cola’s products are high quality standards for the customer.
• Many successful brands to pursue. • Advertise its less popular products. • Buy out competition. • More Brand recognition Advantages of coca –cola Market Leadership: Coca-Cola FEMSA is one of the biggest franchise bottler of Coca-Cola trademark beverages in the world, with operations in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Argentina, Brazil and the Philippines. Business partnerships: Coca-Cola FEMSA is cooperating with The Coca-Cola Company to grow more propelled joint plans of action to keep investigating and taking part in new lines of refreshments, expanding existing product offerings and successfully publicizing and advertising our items.
With the increase number of buyer,the industry of fabrics’
Pizza Hut was established by Dan and Frank Carney in Wichita, Kansas, USA in the year 1958. Pizza Hut Inc. is one of the prevalent pizza companies worldwide. It was a subsidiary of Pepsi Co Inc. from the year 1977 – 1997. It is a wholly owned subsidiary of YUM! Brands since 1997 to present.
That is why they chose paper napkin as their product packaging. In addition to helping the environment, eco-friendly packaging is actually incredibly versatile, able to use the paper napkin for wiping off excess around the mouth and the hands of the consumer. Traditional packaging materials contain at least small quantities of plastics, and this type of packaging contributes to global warming and other environmental concerns. By using eco-friendly packaging, they are able to reduce the plastic used as well as its harmful effects. A final benefit of eco-friendly packaging is the way that it improves their brand image.
Eco friendly building material is those provide the appropriate service and lifetime, with the minimal maintenance, while minimizing the decimation the raw of material, the pollution from, and also energy consumption by production and use, and that have the maximum potential for the reuse. The use of the Eco friendly building materials and products are represents one important strategy in the design of a building. In addition, the Eco friendly building materials have benefits to the building users such as improved health and the productivity, in order to change the spatial configurations of the lower costs associated, reduced maintenance costs over the life of the building and so forth.
This is also where price mechanism takes place because any changes in demand and supply, will affect the price, and eventually balancing the demand to be equal to supply. This is the reason why consumers and producers have no control over the price, and in this situation, everyone is considered as price takers. This causes a horizontal line in the demand curve for the firm’s product(s), as can be seen in Figure 1 (b). Figure 1 There are barely any barriers to enter this market, making it easy to enter and exit according to the firm’s capabilities.