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anaylysis of business enviornment
Finance & Accounting
Pages 8 (2008 words)
ANALYSIS OF BUSINESS ENVIRONMENT By (name) Professor Institution Date Introduction This paper is split into two parts: A and B. Part A is a response to questions touching on the dynamics of supply and demand curves as a result of variation in each of the factors…
Some of the available techniques of promotion include using the print media and other media such as radio and TV. This is likely to catch the attention of many potential buyers. This will tend to increase demand of cars. The price of a car Affordability of cars will most certainly increase their demand. However, if the prices are not friendly, demand of cars will be less. This is the prime reason why a company that sells cars should fix the prices skilfully so as not to affect the sales (Frank, 2006, p. 57). Financing options A population found in a country where access to loans is easier will find it easier to buy a car than those who cannot access a loan. Banks and other financial institutions give loans to people who are employed or are doing businesses with returns that can pay off the loan. The income of the buyer Those buyers that earn a lot are able to buy more than one car. Those who earn little are not even able to afford a car. This is the reason why it is important to start up a car selling business in places where people have good income. In such a place, demand will certainly be higher. New offerings With the introduction of a new model in the market, the demand of this car is usually higher. People tend to buy new models due to changes in the make. ...
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