Many inventions were created to increase the production speed for items that pushed the economy. Although these machines caused manual labor needs to decrease significantly, these new-found machines “required close management” in order to repay their heavy costs (Aldiss). An example of new technology that needed to be monitored is the Jacquard loom. This revolutionary device had mechanical codes that governed the weaving process, “allowing even the most unskilled
Auctioneers have to worry about competition a lot to see if they have another auction that has better products that are going to draw more attention. Auctioneers have to compete against other auctioneers because if they have a better products they will get more people so the prices goes up. There is a lot of competition when it comes to products because their will be other auctioneers that will not advertise and the auctioneers have to advertise a lot to get more people “Encyclopedia Of Career And Vocational Guidance,312”. The future availabilities for auctioneer is going up because more people are going to then because more people can not afford new products or antique people will go to buy antiques. The future availabilities is also going up because a lot of auctioneers are older and are retiring for the business
Pakistan is the 8th largest exporter of textile products in Asia. This sector contributes 9.5% to the GDP and provides employment to about 15 million people or roughly 30% of the 49 million workforce of the country. Textile would be used to mean fibers, yarn, fabric and ready-made garments. Garments are the highest Value adding Finished Product in Textiles. From fibers to the highest value added finished
Pakistan Textile Industry Pakistan Textile Industry is the largest manufacturing industry in Pakistan, contributing 8.5% to the GDP. It is a major contributor to the national economy in terms of exports (generates about 56 % of the total exports) and employment (provides employment to about 40 % of the industrial labor force). Pakistan holds the distinction of being the 4th largest producer of cotton worldwide, 8th largest exporter of textile products in Asia with the third largest spinning capacity in Asia by contributing 5% to the global spinning capacity after China and India. Textile industry sector in Pakistan includes 1,221 ginning units, 442 spinning units, 124 large spinning units and 425 small units which produce textile products, the chain also include - finishing, made ups, garments, towel and hosieries. The Textile Industry is dominated by Punjab.
Company Overview The Aditya Birla Group is a multinational conglomerate named after Aditya Vikram Birla, headquartered in the Aditya Birla Centre in Worli, Mumbai, India. It operates in 40 countries with more than 120,000 employees worldwide. The group was founded by Seth Shiv Narayan Birla in 1857. The group interests in sectors such as viscose staple fiber, metals, cement (largest in India), viscose filament yarn, branded apparel, carbon black, chemicals, fertilizers, insulators, financial services, telecom (third largest in India), BPO and IT services. The group had revenue of approximately US$45 billion in year 2014.
Because of the geographical distance, the competition is not so high. Threat of new entrants and substitutes: For starting such super store, it does not require a huge capital but needs a skilled and efficient management team. So, there is big treat of new entrants and substitutes. Bargaining power of buyers: Today, buyer exercises high power in case of every product in the competitive markets. So, the products of Agora have a number of alternatives in the markets.
And 14 per cent to industrial production 3. Over 45 million people, the industry are one of the largest sources of employment generation in our country. Clothing industry accounts for nearly 15 per cent of total exports. The size of India’s clothing market in year 2016 was around US$137 billion, which is expected to touch US$226 billion by year 2023. Growing rate of CGAR (compound annual growth rate) of 8.7 per cent
The sector accounts for about 14% of industrial production, 4% to the gross domestic product (GDP) and 17% to the country’s export earnings. It provides direct employment to more than 35 million people. This sector is the second largest provider of employment after agriculture. So, the growth and all round development of this industry has a direct effect on the improvement of the economy of the nation. The Apparel Market in India: The Indian apparel industry has a huge base in the country itself and it projects a steady growth in the coming years.
Bargaining Power of Buyers The buyers are empowering when there are many substitute available. The bargaining power of buyers is also described as the market of output. The ability of the customer is to put the firm under pressure. All the existing firms in the industry attract the customers toward itself by reducing the service cost and providing the excellent feature of product. Because the customers demanding quality and services at lowest charges.
Instead of targeting all customers, Mahindra Finance only needs to target new customers in order to grow their business. Unique Products Unique products help distinguish Mahindra finance from competitors. Mahindra finance can charge higher prices for their products, because consumers can’t get those product elsewhere. Brand Name Brand name is a major strength of Mahindra finance. This gives Mahindra finance ability.