Elan and the competition in the ski boat industry

Question 1.

What are the chief economic characteristics of the sauceboating labor?

Answer

1.The major(ip) characteristic of the boat pains is the overall economy.

2.When the economy is favorable then the sales of boats will increase. These types of boats are considered a lavishness item and when the economy is failing, so are the sales.

3.The market size is relatively small with only 17 major skis and unskilled 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 event of the union population of the country.

6.Product characteristics:

1.Ski boat/ competition.

2.Wakeboard boats, and

3.Recreational boats.

·Growth opportunities

The harvest-festival opportunities of the boat effort are not as large as they utilization to be. According to the case, the growth 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) factor that affects the sales. There will obviously not be a demand for these boats in a cold severalize like Alaska.



The areas that render lakes, and open waters will have more of a demand for these recreational boats, therefore growth opportunities in these areas are greater.

Question 2

What competitive forces are currently 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 growing 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...

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