You are a group of advisors to the Management Board in your company.
In determining the company’s strategy in the next 5 years, your managers have required you to
prepare a 2,500 word market report. The market report should, as a minimum, address the following
- A description of your company and the industry your company is in, including:
An overview of the company.
An overview of the industry (including some key statistics such as revenue,
employment, the industry’s contribution to national GDP, and industry growth rate).
- An analysis of the market structure the industry is in, including:
The type of market structure it is in and why (based on the characteristics of the
The market leaders in the industry and some statistics about them.
- A discussion about (i) two determinants of demand, and (ii) two determinants of supply for
your product(s) or service(s) that you consider to be the most influential.
- A discussion about the demand elasticity for your product(s) or service(s) which answers the
Is your product(s) or service(s) elastic or inelastic? Why?
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HI5003 Economics for Business
What are two factors that you consider affect the elasticity of demand for your
product (or line of products) the most? Why so? (You can research for evidence to
justify your argument(s)).
- An analysis of a recent event that has (or is likely to have) substantial impacts on your
industry. The analysis may include:
A brief description about that event.
How has that event affected (or is likely to affect) the market demand and/or supply?
What is the likely effect of that event on the market price and quantity?
Note that relevant empirical evidence can be researched and provided to support your
capital has financed the general public of the authorities infrastructure tasks in China. China embraced a marketplace economic system early. China skilled one of the greatest comparative blessings in economics’ records. within the 1990’s, China commenced to focus extra on their members of the family with strong global powers like the u.s.a., Russia, Japan, and eu international locations. They embraced marketplace economy in 1992 and utilized their massive amounts of land. Land reform brought about equitable distribution of profits and wealth at some point of the usa. China has a strong production base. when China invaded the world marketplace, they centered on exertions-extensive manufacturing sectors like fabric and garb. They correctly transitioned from agriculture into excessive productiveness sectors. They began to recognition their orientation in large part on exporting production items. China effectively became the arena’s manufacturing hub via developing low-value electronic and hardware merchandise. This supplied a much wanted increase to their economy and a great amount of jobs were provided. China has favorable demographics. China’s populace gives them with a large marketplace making their modern-day demographics favorable for a robust economy. China presently has greater human beings in working age which leads to better productivity and a higher GDP. but, due to the only toddler coverage, this is anticipated to say no within the destiny. That being said, China’s population has been one in all their pleasant promoting factors. chinese language leaders organized delegations, hosted conferences, and effectively satisfied foreign buyers that China turned into solid and devoted to an open-door coverage. They basically used their massive length as a promoting factor to boom foreign funding. additionally, China’s populace has a high literacy price as compared to India. Mao unexpectedly increased literacy rates within China, particularly in girls. In 2012, the person literacy price became 96.four% in China and 71.2% in India. China has a hidden supply of income: the tourism enterprise. They host almost 6 times greater tourists each year in assessment to India. This enterprise creates over 60 million jobs in China. This hidden supply of profits dominates their carrier quarter. China has a flexible investment zone. they have got a exceedingly developed bond marketplace in which buyers can effortlessly hedge their risks against deviations. in addition they have the China development financial institution which closely budget their infrastructure development. Their government has effectively created bendy investment zones, and export processing zones that are combined with tax incentives and strong infrastructure. China has a far better FDI from OECD countries because of its large domestic market. they also have more potent worldwide alternate ties with those countries. Get assist along with your essay today, from our professiona>GET ANSWER