US winery industry had a growth rate of 4.7% between 2006 and 2011‚ and is expected to grow by a rate of 4.9% over the next five years [ (IBISWorld) ]. In California alone an average of 175 wineries have opened every year since 2000 [ (Richard Green) ]. The states of New York and Virginia have been major players in the US wine industry. The data shows that the demand for wine has been increasing at an exponential rate over the past 5 years. Average annual revenue for the wine industry is expected
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MICE as the leading growth driver for the tourism industry in India. MICE is the new buzzword which relates to varied GIT’s and FIT’s in the international travel market. MICE tourism is the new and innovative style of business venture and is one of the quickest growing sections in the market of International business tourism. It is catering to distinct needs of businesses in the form
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1 ECON 331: INDUSTRIAL ORGANISATION TOPIC: ANALYSIS OF THE NEWSPAPER ARTICLES SUBMITTED BY: Vishakha Agarwal BABE-3 110144 2 INTRODUCTION 1. PRODUCT DIFFERENCIATION “Diversity is the staff of economic life.” The theoretical tool of dealing with diversity is product differentiation. (Rosen.2002). It is an important component of imperfectly competitive strategic interaction. Sometimes‚ producers create physical and psychological differences between goods that are nearly identical
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INDUSTRY ANALYSIS REPORT THE AUSTRALIAN WINE INDUSTRY ‘The Boutique Producer’ by 4 students (anonymous) Executive Summary This report provides an overview of the Australian Wine Industry using Porter’s Five Forces industry analysis framework and seeks to provide recommendations based on the impact of the forces for a start up boutique producer. Through the use of Porters framework and the application of economic theory‚ the report will provide detailed insight into the
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Industrial Visit to Karnataka Soaps and Detergents Ltd.‚ Bangalore Date : 19-07-2012 Sreerag V S Batch 18‚ Section C Organised by : Xavier Institute of Management and Entrepreneurship‚ Bangalore The students of Batch 18‚ Section C visited KARNATAKA SOAPS AND DETERGENTS LIMITED‚ BANGALORE as a part of our Industrial visit on July 19th 2012. KARNATAKA SOAPS AND DETRERGENTS LIMITED (KSDL) ‚BANGALORE is a company owned by Government of India in Karnataka. The Government sandalwood oil factory
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The OIL INDUSTRY includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products‚ including pharmaceuticals‚ solvents‚ fertilizers‚ pesticides‚ and plastics. The industry is usually divided into three major components: upstream‚ midstream and downstream. Midstream operations
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the chain saw industry and why? The five forces that that are important for an industry and companies involved are a) Competition b) Buyers c) Substitutes d) Suppliers and e) Compliments. The Chainsaw industry is segmented by customer bases namely professionals‚ farmer and casual users. These customer segments are differentiated by the cubic-inch displacements. Pro users require 4.5 or greater‚ farmers require 2.7 – 4.5 inches and casual users require about 2.7 inches. The industry is also segment
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Porters Five Forces: (Petroleum Industry) Supplier Power: Strong The equipment manufacturers are small in number‚ yet large in size. Therefore‚ a high demand from the oil and natural gas companies has naturally given them an advantageous position within the sector. Their highly diversified product portfolio has continued to emphasize their strong bargaining power with the oil and natural gas companies. Due to the specialized nature of the suppliers‚ finding an alternative supplier is difficult
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amongst people. The internet (e.g. streaming services online) is affecting the music industry in positive and negative ways with the amount of money or revenue being brought in. To listen to a song today‚ you don’t have to buy or download it. You simply stream it. (Woodruff‚ “Can the Music “) According to PBS’ Judy Woodruff‚ “that has led to a profound shift in the industry
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the pharmaceutical industry is one of the biggest industries in the United States. The industry experienced a rapid growth rate (in the double digits) in the late 20th century which has now dropped into the single digits (Mullins‚ 2007). The global demand is driven by factors such as a worldwide increase in elderly population and a rising quality of life in developing nations. Time Magazine listed Generic Pharmaceutical Manufacturing as one of the top ten fastest growing industries in the United States
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