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Substitutes and complements impacting their decision-making

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Reference no: EM133224225

Question 1. What are the major substitutes and complements impacting their decision-making? Your industry: Chanel - fashion house

Question 2. Is their price elasticity of demand inelastic or elastic? Explain

Question 3. What is the income elasticity of your industry? Explain

Work to understand the mind-frame of the producers representing the supply curve within your industry.

Question 4. Who are main the suppliers in your market?

Question 5. What are their characteristics? (large/small, local/regional/national/international, profit/not for profit/government)

Question 6. What is the nature of the competition in your market? (Perfect competition, monopoly, etc?)

Question 7. What are the significant inputs which impact the supply curve within your industry?

Reference no: EM133224225

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