Question
How to overcome each of the following weaknesses of a layer poultry business: WEAKNESSES OF POULTRY FARMING NO FLEXIBLE PRICES The prices of
How to overcome each of the following weaknesses of a layer poultry business:
WEAKNESSES OF POULTRY FARMING
NO FLEXIBLE PRICES
The prices of chicken are fixed and you can't negotiate over the price. Whatever price food and price regulatory authority set, you have to accept that even if it doesn't meet your expenses.
HIGH TRANSPORTATION COST
The transportation cost of bringing the small chicks to the farm and then distributing the final product to the stores, hotels, and local food markets is very high. If the retail price is good, then it pays off all the expenses and generates revenue. Otherwise, you have to pay it from your pocket.
HIGH INITIAL INVESTMENT
It requires a plethora of capital to establish a well-controlled poultry farm that could generate some revenue. It's difficult to make a profit from ordinary poultry farms. In fact, the failure rate is higher among the poultry farms that don't follow the controlled environment.
NO DIFFERENTIATION
Your competitors are selling the same product (chickens) whatever you're selling. In other words, there's no product differentiation in this industry. It doesn't give anyone a competitive edge over the other.
Step by Step Solution
3.36 Rating (149 Votes )
There are 3 Steps involved in it
Step: 1
To overcome each of the weaknesses in a layer poultry business youll need strategic planning and innovative approaches Here are some suggestions 1 No ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started