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Analysis of Canbide - Essay Example

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Demand condition is another important factor to consider. The nature of demand conditions for Canbide is important because it determines the rate and nature of improvement and innovation by the firms in the nation. Three characteristics of demand are particularly impor-tant: the composition of demand, the size and pattern of growth of home demand, rapid home market growth, and the means by which a nation's home demand pulls the nation's products and services into foreign markets. Canbide is large company operating on the national scale, and for this reason it is crucial to take into account growth patterns and demand. Canbide should take into account industrial growth patterns which provide an insight into market demand. Because they generally show consumption patterns, production patterns are helpful in assessing market opportunities. Additionally, trends in manufacturing production indicate potential markets for companies that supply manufacturing inputs.

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Summary

In order to proceed with the project, Canbide should take into account external and internal economic factors, market situation and competition. Recommendations, based on pure numbers, are not enough because organizations are influenced by a number of factors including economic situation in the region and demographics, inflation and legal changes. …
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