Preview

Proposal for Joyoung Soy Milk Maker

Satisfactory Essays
Open Document
Open Document
555 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Proposal for Joyoung Soy Milk Maker
Proposal for Joyoung Soy Milk Maker

Team members:
Chenyi Dong, Qihang He, Jing Zheng, Rujia Wang

Company Background:
Joyoung Co., LTD is a modern enterprise which focuses on the R&D production as well as kitchen appliances. It established in 1994, and listed successfully on the Shenzhen Stock Exchange in 2008. As the pioneer and leader of soy milk maker field in China, Joyoung has been leading the technical innovation and development among all the food machine brands. With delicate design and high quality, Joyoung is qualified to enter international market and ready to become a global brand.

Introduction of Joyoung Soy Milk Maker:
Joyoung Soy Milk Maker is a fully automatic home kitchen appliance which uses a new heating system without a heating tube. Instead, it applies heat to the entire body for a more even cooking. This model can be used to make soymilk, five grains milk, full bean milk, and mung bean milk. It can also make rice paste, corn juice and grains paste. It is computer controlled, and will automatically pre-heat, grind, and cook. Just push a button, the fresh sticky soymilk is ready to enjoy within twenty minutes.

Four Selected Potential Markets:
America

1. Soybean is a very nutritional agricultural product. American Food and Drug Administration suggested a 25g daily intake of soy. 2. The United States is a large agricultural country with high level of mechanization. It leads the world’s concern in both the production and exportation of soybean, which provides soybean with comparatively lower price.

3. America is a large market and American people like to try new things. Soybean milk is a kind of drink with Chinese characteristics. What’s more, the number of Chinese people who live in America lives up to more than 4 million, most of which concentrated in several big cities, like New York. So it’s easier and more convenient to spread Chinese culture and living habits.

Thailand 1. As an Asian country,

You May Also Find These Documents Helpful

  • Good Essays

    Intb 300 Portfolio Essay

    • 656 Words
    • 3 Pages

    The article titled “Brazil Seen Beating US in Soybean Trade as China Buys” discusses the rising production of soybeans in Brazil. The US is currently the largest grower of the product and therefore holds a comparative advantage in trade amongst nations. Rising supply from Brazil will create competition for the business of the largest demand which is held in China. “Production in Brazil climbed 53 percent in the past decade, compared with 7 percent in the US” (Javier, Chanjaroean, 2012). In 2012-2013, Brazil is said to produce 81 million tons of soybean as compared to 77.84 million tons in the US which portrays Brazil’s comparative advantage (Javier, Chanjaroean, 2012). China has imported 59.2 tons of soybean in the year ended September 30th of which, 45 percent were produced in Brazil and 39 percent were from the US. China utilizes soybeans to create meal for livestock and fish, and to produce cooking oil. It is clear that the US is losing its competitive edge on the production and distribution of soybeans mainly because it no longer possesses the comparative advantage in production. This analysis will discuss what enables a country to rise above its competition via the creation of comparative advantage in trade.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Econ Final Exam Review

    • 1648 Words
    • 7 Pages

    4) The U.S. should develop a comparative advantage in goods that require lots of land but little labor, such as wheat and corn.…

    • 1648 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The demand for corn as an ingredient for an alternative energy source has had a profound effect on its supply as a core food ingredient. So, what has been the effect on the supply of corn and its substitute such as the soybean? The answer can be found by examining the five demand determinants and five supply determinants to see which ones will shift demand and supply. The demand determinants are known as T-I-P-E-N, which stands for Taste of preference, Income, Price of complements and substitutes, Expectation of consumer, and Number of buyers in the market. The supply determinants are known as P-R-E-S-T, which stands for Producers (number of), Resource price, Expectation of business, Subsidies and taxes, and Technology. The farming industry has had to ramp up production of corn to satisfy the demand that was caused by the increase in the number of buyers. More buyers will generate more income, so most likely farmland will be used to produce more corn. The determinants of Number of buyers and Income are responsible for this demand shift. The land available for soybean crops will decrease, resulting in a reduction of supply. This supply shift is the result of Producers (number of).…

    • 571 Words
    • 3 Pages
    Good Essays
  • Good Essays

    China: Chinese Companies

    • 702 Words
    • 3 Pages

    2. What are some possible disadvantages and threats of moving production to the United States?…

    • 702 Words
    • 3 Pages
    Good Essays
  • Good Essays

    To answer this, first we have to understand what determinants will shift demand and supply. There are five demand determinants, they are T-I-P-E-N. Taste of preference, income, price of complements and substitutes, expectation of consumer regarding future price and numbers of buyers in the market. And there are five supply determinants, they are P-R-E-S-T. Number of producers, resource price, business expectations, subsidies and taxes, and technology. In this case the increase in demand for corn is the result of increase in number of buyers in corn market due to it’s use as an alternative energy source, since there are more buyers in the market which means more income too, therefore farmers will use more or all their farm land to produce corn and less or no farm land to produce soybeans. And this will result in a decrease in soybean supply due to less farm land for soybean production. The factor for this supply shift is because the number of producers decreased.…

    • 589 Words
    • 3 Pages
    Good Essays
  • Good Essays

    GMO-- Fernandez-Cornejo, Gorge. “Adoption of Genetically Engineered Crops in the U.S”. USDA Ecomimic Research Service(July 1, 2009) http://www.webcitation.org/5k2duJR3s…

    • 739 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Week 6 Quiz 2

    • 990 Words
    • 4 Pages

    | The farmers of our state have asked that we introduce legislation to provide subsidies for soybeans. Unfortunately, we will have to turn down their request. If we give subsidies to the soybean farmers, then the corn and wheat growers will ask for the same thing. Then it will be the cotton growers, citrus growers, truck farmers, and cattle raisers. In the end, the cost will be astronomical.Answer…

    • 990 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    The globalization of market provided opportunities for private industry to expand their sales in other countries. The major market for agrobiochemical products is USA and Europe. Developing countries such as Brazil, and India have started to increase their production acreage and to invest in biotechnological products.…

    • 2252 Words
    • 10 Pages
    Better Essays
  • Good Essays

    Pro Gmo Executive Summary

    • 757 Words
    • 4 Pages

    Census Bureau, the current world population is over 7 billion as of 2012, which is approximately double of what it what in the 1960’s. Out of those 7 billion worldwide, the U.S. constitutes over 3 billion. GMO have many benefits such as; increased production in quantities of food, lower pesticide use, and growing products with a specific desired trait. GM seeds allow farmers to produce bigger, more reliable crops. Plant breeding also results in crops better able to withstand the environmental challenges of drought, disease and insect infestations. This allows farmers to grow more food, and increase profitable crops for the marketplace. Nutrition-enhanced GM crops help to significantly decrease malnutrition. Ultimately, this also allows cheaper consumer prices for GM foods at the marketplace. An Iowa State University study shows that without biotechnology, global prices would be nearly 10 percent higher for soybeans and 6 percent higher for corn. With the exponential growth of the human population, GM crops may be the only way to ensure that worldwide food production keeps…

    • 757 Words
    • 4 Pages
    Good Essays
  • Better Essays

    4. Suppose that France and the United States do not trade and that the competitive price of an ordinary bottle of wine is 20 francs in France and $2 in the United States; the price of wheat per bushel is 40 francs in France and $6 in the United States. If prices reflect only the differences in costs of the resources to produce wine and wheat in the two countries, this information is sufficient to enable us to state that:…

    • 2492 Words
    • 17 Pages
    Better Essays
  • Better Essays

    In any strong economy, an appropriate export to import ratio is needed. Growing up in America, I have seen the struggles of farmers in America, and have also seen ways in which society should change. My father and uncle both farm, and members of my family have farmed for a living for many generations. My father farms bell peppers and many other types of vegetables, but his main crop are bell peppers. I have witnessed firsthand how hard it is for American farmers to make a living due to the strict regulations held here in America that do not apply in other countries that produce the same product. If America was to have maintained the domestic market share of produce it held from 1998-2000, it would have created $4.9 billion in additional farming income and…

    • 1769 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Economics Ch 11 Quiz

    • 2765 Words
    • 12 Pages

    If more and better technology is used for producing wheat in the United States than in a lesser-developed country, then the:…

    • 2765 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    Should Gmo Be Banned

    • 1576 Words
    • 7 Pages

    The United States accounts for nearly two-thirds of all biotechnology crops planted globally. According to the fact sheet which was produced by the Pew Initiative on Food and Biotechnology, about 672 million acres of land are under cultivation,since 1996 the United States has…

    • 1576 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Gmo Persuasive Essay

    • 2205 Words
    • 9 Pages

    American agriculture is the world’s leader in production and also seems to be the envy of other countries. The reason why is because U.S. agri-business consistently produces more food on less land and at cheaper cost than the farmers of any other nation. When famine loomed in Mexico and southern Asia in the mid-20th century, agricultural crop researchers saved the day. Scientists at Mexico 's International Maize and Wheat Improvement Center and the Philippines 's International Rice Research Institute came up with new, high-yielding varieties of wheat and rice that raised harvests and kept starvation at bay.(Dimick) Today as the population grows we need to look at new research again. This type of research may need to come in the form of genetically modified food production. The impact of GM food production will affect the world’s food supply.…

    • 2205 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Farm Bill

    • 1149 Words
    • 4 Pages

    Trade: This title aims at promoting American crops internationally while providing food aid to foreign countries. It also mandates the government to offer technical support to…

    • 1149 Words
    • 4 Pages
    Better Essays

Related Topics