product analysis in china, economics homework help

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punzh5282

Economics

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i need the paper on african meat product introducing in china.

Consider the following while analyzing the product.

  • People’s taste for a particular product or service.
  • People’s income
  • The availability of complements which are other products that need to be used with the primary product. Gasoline, for example, is a complement to an automobile.
  • The availability of substitutes for the product.
  • Price expectations. There will be less demand if people expect a price to fall. More demand will exist if people expect prices to rise.

These demand determinants need to be considered along with some of the following:

  • What product features would appeal to people in this country/culture?
  • Are there supply chain issues?
  • Are key resources available and competitively priced?

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Explanation & Answer

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Product Analysis in China
The declaration made on February 24, 2017, that South Africa and China signed a
memorandum, enabling South African beef to be sent out to China, couldn't have come at a
greater time for South Africa's meat industry, other than South Africa, Kenya has followed suit
among the African countries exporting beef to China.
The news comes at the fall of a horrible dry spell in 2016. Besides, the current increment
in meat costs in December 2016 demonstrates that the most exceedingly terrible could be over
for the business, and the introduction into a market of China's greatness is another positive lift.
The announcement in 2014, by the International Animal Health Organization, that South
Africa is foot and mouth disease free has assumed an indispensable part in expanding South
African exports into more lucrative markets, for example, Vietnam, the United Arab Emirates
and nations in Africa.
China's working population, 770.4 million people, is the biggest on the planet. Yet, the
middle class that commands its consumer market accounts for a tiny fraction of that number: less
than 2 percent of workers earn enough to pay income tax (Amanor, Kojo and Chichava).
In 2015, the production of beef added up to around 740000 tons, from 3 million
butchered steers, of which 25000 tons was sent out at the estimation of $28m.
The marking of the convention is something worth celebrating; in any cas...


Anonymous
Really useful study material!

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