of exports. Not forgetting that French perfumes represent a one of the biggest share of world exports. The French cosmetic industry is the fourth largest global exporter. France exported 53 percent of its production in 2003, representing $8.57 billion in sales, an increase of 0.5 percent over 2002. Perfume and cosmetic products “Made in France” are sold in 202 countries around the world.
fourth generation is known as 16-bit era. The game consoles in this generation showed improved graphics and resolution. This generation started when Sega released Mega Drive in 1988. Sega gained a significant market share by releasing this model. The Mega Drive became a big success in 1991 with its software, Sonic the Hedgehog, which became popular and famous rival of Nintendo's Mario. Two years
fourth largest economy is entering a recession.
② Small Foreign Exchange Market
The won-dollar rate has been extremely volatile in recent months, having a negative impact on businesses and households. Many say a relatively small foreign exchange market here and mostly dollar-based transactions are the main culprits behind the volatile exchange rate. Recently, the won regained a little stre
Price
Exchange rate
Economic rises & falls
Contrary to financial results in 2007, in third and fourth quarter of 2008,
The economic slowdown was caused by financial crisis in United States
Sharp drop in profits of Airline companies
due to high oil prices
the stronger dollar (versus the won)
-> huge losses over foreign currency debt,
Decrease in air travel demand
aging the society. So people show interest in anti-aging product and this market is broader. Third, further more many customer doesn't buy cosmetic through door-to-door sale. Over 93% of cosmetic are sold through department store and retail outlet. So we need to change sales strategy adjusting this trend. Fourth, Major customer group are change. Now cosmetic industry's main customers are 20s and