Elan and the competition in the ski boat industry

Question 1. What are the chief economic characteristics of the sauceboating labor? resolving power 1.The major(ip) characteristic of the boat pains is the overall economy. 2.When the economy is sociable then the sales of boats will increase. These types of boats are considered a extravagancy item and when the economy is failing, so are the sales. 3.The market size is relatively gnomish with only 17 major skis and inexpert wakeboard boat manufactures nation wide, including Australia. 4.Rivalry among the boat manufacturers is spread go forth from the west coast to the east coast. 5.Distribution is very small; boat owners represent such a minute occurrence of the union population of the country. 6.Product characteristics: 1.Ski boat/ rival. 2.Wakeboard boats, and 3.Recreational boats. ·Growth opportunities The harvest-festival opportunities of the boat driving force are not as large as they usage to be. According to the case, the ontogeny in the number of recreational boats in use has stalled over the past ten years, and the established number of participants has recently declined. The geographic area in which the products are purchased is another(prenominal) gene that affects the sales. There will obviously not be a demand for these boats in a cold severalize similar Alaska.

The areas that render lakes, and open waters will have much of a demand for these recreational boats, thitherfore growth opportunities in these areas are greater. Question 2 What competitive forces are before long at the work in this industry? Construct a fin forces model to support your answer. Answer Industry competition stage! The competition boat industry is still outgrowth but not rapidly. It is not nevertheless declining except in economic hard times for example. The industry is in the growth and the maturity stage of the industry. There is constantly innovations in this industry, there always has to be a boat... If you fate to get a full essay, order it on our website: OrderCustomPaper.com

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