Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: Industry sales have grown at 1 5 % - 2

An industry analysis for manufacturers of a small personal care gadget observed the following characteristics:
Industry sales have grown at 15%-20% per year in recent years and are expected to grow at 10%-15% per year over the next 3 years, still well above the economic growth rate.
Some U.S. manufacturers are attempting to enter fast-growing non-U.S. markets, which remain largely unexploited.
Some manufacturers have created a new niche in the industry by selling directly to customers through mail order. Sales for this industry segment are growing at 40% per year.
The current penetration rate in the United States is 60% of households and will be difficult to increase.
Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
Some manufacturers are able to develop new, unexploited niche markets in the United States based on company reputation, quality, and service.
Several manufacturers have recently merged, and it is expected that consolidation in the industry will increase.
New manufacturers continue to enter the market.
Characteristics would be typical of an industry that is in the consolidation stage.
6 and 7
1 and 4
5 and 6
2 and 8
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Public Health And Not For Profit Organization

Authors: Steven A. Finkler

3rd International Edition

0138152772, 9780138152772

More Books

Students also viewed these Finance questions

Question

What are their resources?

Answered: 1 week ago