1.1 Using the PESTEL framework‚ identify and discuss the key factors in the macro environment that influence the tourism industry. Political: A large influence on the tourism industry can be the stability of government. If the government in unstable it can be viewed as dangerous and unpleasant to visit. This can have a huge impact on that countries tourism numbers. Some governments also choose to make shopping tax-free for tourists‚ as tourists have the right to claim back VAT (Value-Added Tax)/GST
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Retail Specialty Cosmetics Industry Analysis March 19‚ 2012 TABLE OF CONTENTS Industry Type Degree of Industry Concentration Opportunities and Threats Opportunities Threats Past and Projected Market Growth Rate Competitive Analysis New Entrants Substitutes Rivalry within the Industry Suppliers Buyers Driving Forces Analysis Industry Key Success Factors Financial Analysis Works Cited
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Luxor Cosmetics Case Luxor Cosmetics is in a difficult situation in which changes need to be made. There a few items that need immediate attention. Per an evaluation of the account balance trends‚ their inventory only increases every year‚ for example: Lipstick’s inventory increase is about 20% per year; Nail Polish increase is about 20% per year‚ leveling out at $11 million in 2009 -2010. Their Creams inventory remains constant‚ since the cream’s market is a totally different concept‚ it does
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PESTLE analysis * Political factors There are several aspects that should be taken into the consideration. The overall economic situation in the world and in specific regions can take a significant role in a political decision making in any country. For example‚ the economic downfall in Greece and Spain might influence policies of other European countries which might take new restrictions. The tax policy is another important factor in this context. In Europe the average standard VAT rate is
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Splat Cosmetics Pioneer in Direct Marketing on Russian Market Prepared by Rodion Kalmykov – European Business School S00803310 Contents Pioneer in Direct Marketing on Russian Market 1 1. Background 3 2. Marketing Environment and industry dynamics 3 Year 2004. Direct marketing in action. 5 3. What has been done good 6 4. What might be done better 6 1. Background Splat Cosmetics is a Russian company that was registered in 2000. It was a critical moment for Russian Economy. After the collapse
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“Case Analysis of Luxor Cosmetic” REGIS UNIVERSITY Date: March 25th‚ 2013 Week-4 assignment MSAA 609: Cost Management Executive Summary An effective business strategy and budgeting is very essential in a manufacturing industry. A company without a proper business strategy and master budgeting plan would usually faces tremendous challenges and losses during its business operations. The importance of company’s business strategies and budgeting
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Case study Sa Sa cosmetics 1 Situation Analysis Most big companies have faced a crisis period after 10-20 years of their induction. A few examples of this are Apple Inc and IBM. They all came back by bringing in changes in their corporate strategy and business approach. After this they both showed a positive turnaround in their fortunes. We believe that Sa Sa Cosmetics is passing through a similar phase as these big companies. They lost their core competency in discounted retail stores as many
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Canadian and French men’s consumption of cosmetics: a comparison of their attitudes and motivations Nizar Souiden and Mariam Diagne Laval University‚ Quebec‚ Canada Abstract Purpose – This paper aims to investigate the attitude of males toward the consumption and purchase of men’s cosmetic products. More specifically‚ the research intends to clarify the impact of personal variables (i.e. self-image consciousness‚ ageing effects‚ physical attractiveness‚ state of health)‚ socio-cultural variables
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Brand Comparisons - The Body Shop & Lush Part One “The growth of e-commerce has forced traditional brick-and-mortar retailers to respond.” (Philip and Kevin‚ 2012) As two leading brands in beauty product industry‚ The Body Shop & Lush perform well in their retail shops. I am interested in exploring their strategies to strengthen the marketing position. The beauty industry helps people to improve their appearance. Nowadays‚ far more than cosmetics and skin care products‚ the beauty industry
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Cosmetic Dentistry This morning I woke up and looked in the mirror and noticed that my teeth were not as white as I like them to be. I think to myself‚ I need to call and make an appointment to get my teeth whitened with my dentist. Teeth whitening is an example of Cosmetic Dentistry. Cosmetic Dentistry is different than regular dentistry in the sense that regular dentistry deals with
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