Another factor that affects the demand of personal computers is the size of the overall population, which seems obvious but is very important. Economic development of an industry is also influenced by the confidence of general people on the industry, the economic state of a nation, and involvement of government in the industry.
When the firm is bigger than the rest of its rivals, it is in a better position to absorb the high fixed costs of a capital-intensive industry. The personal computer industry has experienced little innovation in recent years. Manufacturers which adopt new technology often make economic profit. Preferences can be related to functions, product features, and mobility.
Availability of water plays a significant role in determining the population of a given area. Further we should bear in mind that finished product of one industry may well be the raw material of another.
A great example of this is Wal-Mart. However, many are able to capitalize on the second mover advantages and find areas for improvement as well. Inflation Inflation affects both consumers and producers in the market, and poses a threat to the market stability.
Most of the industries tend to concentrate at the source of power.
Rivers are the greatest source of fresh potable water. In industries where one or two companies represent the entire industry for a region such as utility companiesgovernments usually specify how much profit each company can make.
However, there are a few exceptions to this general observation. One of the biggest risks within a highly competitive industry is pricing power. When a manufacturer exits the industry as IBM, when they stopped making personal computers, other manufacturers gained more market share started producing more individually and saw larger profits.
Although, the location of any industrial unit is determined after a careful balancing of all relevant factors, yet the light consumer goods and agro-based industries generally require a plentiful of labour supply.
While some industries seem to get ahead of others, the global factors that affect the economy of an industry must be considered seriously when making plans for business growth. And for good reason - no one wants an ineffective drug that causes deaths to reach the market.
While technology continues to advance in both the smartphone and tablet markets, consumers are now having a hard time determining where to spend their money and many of them are converting to the tablet and smartphone.
Soil is an important factor in determining the density of population in an overwhelmingly agricultural country like India. The significance of raw materials in manufacturing industry is so fundamental that it needs no emphasising.
According to Clarke, economic conditions, technological development, social organisation, government policy, etc.
This refers to the ability of a supplier to increase prices and pass those costs on to customers. Industries like iron and steel, which use very large quantities of coal and iron ore, losing lot of weight in the process of manufacture, are generally located near the sources of coal and iron ore.
As important as some of these regulations are to the public, they can drastically affect the attractiveness of a company for investment purposes.
Customers Some companies serve only a handful of customers, while others serve millions. Each industry has differences in terms of its customer base, market share among firms, industry-wide growth, competition, regulation and business cycles. Supply and demand conditions: Its inventory can be hold less than four days compared with more than 30 days carried by competitors.While some industries seem to get ahead of others, the global factors that affect the economy of an industry must be considered seriously when making plans for business growth.
Sustainable economic growth is defined as the expansion of the productive potentials of an industry in the long run. Many companies are conducting a SWOT analysis as part of the strategic planning process to identify the organisations’ strengths, weaknesses, opportunities and threats before proceeding to the formulation of a corporate strategy.
Factors Influencing the Distribution and Density of Population in India are as follows: One of the most important aspects of India’s population is its uneven distribution. On one hand the population of India is highly concentrated in some pockets such as highly urbanized and industrialised areas.
AN EVALUATION OF THE FACTORS INFLUENCING THE ESTABLISHMENT OF THE DOMESTIC PHARMACEUTICAL MANUFACTURING INDUSTRY IN ZAMBIA Lameck Kachali Graduate of the Regent Business School, Durban, South Africa, Residing in Zambia UNIDO recognizes that the primary driver of economic growth, employment creation and.
According to the Encyclopedia of business (n.d), distribution channels are pipelines through which goods and services flow from the producer to the end user i.e. the consumer. The distribution channel can be short and direct implicating, a direct flow from the producer to the consumer, or it can be an opus of several interconnected, independent.
Factors Influencing the Location of Industries: Geographical and Non-Geographical Factors! Many important geographical factors involved in the location of individual industries are of relative significance, e.g., availability of raw materials, power resources, water, labour, markets and the.Download