This is also the same for the company to do in an effort to eliminate the competition threat by creating a rather precise marketing plan. The best way to do this is by carrying out a SWOT analysis of the competitors alongside the PEST analysis for a target market. Focusing on the Strengths of the competitor, one recognizes that the company has an already established base in the Asian market and that the deals they are offered are rather superior and worthy seeing as they are already acquainted with the suppliers in the region. A weakness that one can identify in terms of the manner through which business is run is acknowledging the fact that the competitor’s brand has not fully settled in the retailers market. The main reason as to why Brought Kitchens identified the company was the high amounts of sales that it had started making and this was due to a shift in the customers who go for cheaper products. However, accommodating this is one of the most effective strategies to carry out. Opportunity comes in from the fact that the suppliers, unlike customers do not have a specific product of preference or rather do not have favorite retailers. This gives the company an opportunity of identifying itself with the Asian market. The threats however are in terms of the licensing and revoking of their earlier deal with their former European counterparts in case of anything. Part b Going through the political stature of the Asian market and target markets is important in understanding whether the country is trustworthy for investment and reliance in terms of business. Economic state is also vital in that one gets to understand and have prospects of the prices of the commodities. On the other hand, social factors come into play when attempting to understand the nature of people in the area and their attitude towards foreigners. Technology is also important to comprehend whether the people in the area accept changes in terms of technology which basically happens in close intervals. Putting all these factors into consideration assures the company of prosperity in its ventures. Question 2 Part a Dj Sports as stated has had its name in the market for a very long time and the fact that its policy, “Our name sells itself” is a rather confident one that it shows that there is no need of carrying out advertisements and signing labels just to get their products to the market. However, seeing as there are other companies that have come up in the contemporary environment, a challenge has been posed and the company must act in an effort to keep its product running, a market assessment has to be carried out. Engaging in the SWOT analysis of the company comes in as a key strategy. The fact that the company has been in the market for long in itself is a very large strength seeing as they have earned the reputation and trust of the customers. A weakness however is the fact that the company has decided to lay back and not take on any key advertisements as opposed to competitors. Advertisements ensure that the product reaches a wide range of customers and if they do not see the DJ line in advertisements, it is hard for them to choose a product that they know little or nothing about. An opportunity presents itself from the fact that customers believe that the company
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Regulatory & Economic Environment Name XXXXXXXXX Professor XXXXXXXXX Institution XXXXXXXXX Course XXXXXXXXX Date XXXXXXXXXX Question 1 Part a Brought Kitchens is an already established company in the market and thus it is not very difficult for the company to engage in a new market and have the suppliers have them as their favorites…
Your lifestyle (Including your behaviours and actions). Explain each risk in no more than 2-3 sentences. (3 points) To leave food cooking while enjoying an afternoon siesta exposes me to the dangers of suffocation by smoke in case it dries up and burns completely.
This risk is an involuntary. b).The risk of hypoxia which is reduced supply of oxygen to body tissues and leads to headaches, anorexia, vomiting and vomiting. This risk is posed by mountain climbing expeditions which involve moving to high altitude areas with reduced oxygen pressure.
This, in due course, destabilizes economic development and harms progress for these countries. In fact a study cited in the same article estimates that overall household per capita income in Botswana will fall by 8 per cent, and as much as 13 per cent for the poorest quarter (Beresford, 2001).
What are the legal issues in this case? If you were the judge, how would you rule? Mongo is the parent company of SAMCO, a subsidiary company based in Saudi Arabia carrying out a contractual dealing on an industrial city in the country. In its contract with SAMCO, the Royal Commission retained the right to get rid of, or change any personnel contracted by SAMCO at its own discretion.
The average per capita income in Sweden is currently at 20,828 or 280,746 Swedish Kroner (SEK). The United Kingdom is a member of the G8, with the fifth largest economy in the world. It ranks third in population among the European Union states. (EU). What are some similarities and differences in Sweden and the United Kingdoms' regulatory economic structure How does Sweden maintain its economic structure, yet still manages to maintain positive cultural development
These influences can be categorized in the following ways.
The political and economic factor: India has a liberal-democratic political system. The prices, output, demand and supply are all decided in the market place. Though the government does not interfere in each and every aspect, it sets regulatory framework in a few aspects of the market place and corporate behavior.
China emerged itself into a powerful economic entity from an agricultural society. In addition, according to a report, China is the third largest economy in the world based on purchasing power parity.
'When one examines the pace and progress of economic reform in the People's Republic of China (PRC), one has to agree that reform has pushed China from a largely agricultural society to a powerful economic entity ready for takeoff.
As a student, I study late in to the night and sleep when I am extremely tired and sleepy. This may affect my concentration the following day especially when crossing the road. I might be hit by a car.
ii. A worker in a retail