class
A rapidly growing middle class has emerged. According to the National Bureau of Statistic of PRC (NBS), middle class refers to those with annual household income of 60,000 yuan (USD 7,230) to 500,000 yuan (USD 60,240). This group of people has stable income, can afford private-owned houses and cars, and have extra money to spend on beauty goods, holiday and education. They have higher exp
class in India have contributed in shifting a potential consumer to a real consumer. Consumption was considered as a sin in the past however, this conventional wisdom has been disappearing and the middle class' spending, influenced by economic growth, has been increasing in the car market that is related to life convenience.
Thirdly, as 50% of India people is the young generation, they are consc
(1) Poor road conditions
-> Not sensitive about max. speed
(2) Indian consumer
- price-sensitive
- expansion of the middle class
- design
1. Economic growth
-> Consumption Increase
2. Better social infra. (road)
-> Cars substitute bikes
3. Demand for mobility
-> car sales will increase
Tata Swach: disruptive innovation in low-cost water filter market
-Strong Product
1. South Korea's economic development process characteristics
South Korea South Korea tragedy of war, foreign intervention and the ruling class and the difficulties faced 1945 Throughout the 1960s, but the potential development of Korea's indigenous economic development plan since 1962, conducted through the enabling economic growth was. In this period of economic growth led by exports of pri
class, it means that they have a wide gap between high-class and low-class. The fact that there is a huge gap between cities and outside the cities in terms of the population density, it causes lots of problems.
2. Spain Economic
A. General view of Spain Economy
Spain's economy is the 8th largest worldwide and the 5th largest in Europe. It is also the 8th largest FDI recipient in the w
Growth
With the increasing rate of Smartphone penetration, mobile information services using personal information is becoming progressively important. As global Smartphone penetration increases, 80% of Smartphone users are expected to use LBS (by 2013) and the global market for mobile LBS will increase from $2.1 billion (2009) to $18.3 billion by 2015 with the Compound Annual Growth Rate of 43%.
consumers receive satisfaction.
Although it is expensive, it never go out of style. This is the best advantage.
4. Consumption Class
1) The high class consumer sentiment about Louis Vuitton
The high classes think that they need a brand-name product to keep their reputation. As well, they said that they have a right to buy it cause they got a economical and social position by trying hard.
1. Government by the wealthy
2. A country or society governed in this way
3. An elite or ruling class of people whose power derives from their wealth
∙ Heavy industry was dominated in Japan, and government supported Zaibatsu for rapid growth.
∙ Centralization of capital + Increasing productivity
Economic Improvement in Japan
1.Dirty Links between Politicians
Thus, our team decided to study about cosmetic market in China. We found that foreign companies like L’Oreal, Procter & Gamble Co and Shiseido have large portion of the China’s cosmetics market share while Korean companies have little portion of that. However, Korean beauty products also have high quality and Chinese people are favorable to Korean products. In other words, it is hard to under
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