Industry Environment Essay Example | Topics and Well Written Essays - 500 words

Industry Environment - Essay ExampleIt has as well put down strategies that would ensure that it maintains its state over a long and short term.The nature of arguing exhibited in the industry is a monopolistic competition. There are various competitors produce similar products moreover of a slightly different structural composition. The retailers exhibit the highest level of competition, which is typically fragmented. Competition on the football footwear records the highest rate followed by the athletes among the products of the company. This is more evident in the sectors dealing in customer attend to provision, scrape name merchandise collection, pricing and friendly shopping procedures.The sporting products industry experiences changes in assorted dimensions including prospects on fresh products. New products cost relatively higher than those already in the grocery store. On the opposite hand, the products have higher demand compared to those already in the market. The sup pliers have control over their brands they must market their products so as to create demand for them. This goes along with rivalries among the vendors dealing in different brands, which, is forwarded to the retailers.The changes in the large environment have led to both negative and positive results in the operation of the business. To begin, prospects in new products have led to fair pricing as the products exhibit higher stock flow as compared to the initial conditions. According to Borowski (2011), competition from other brands and higher rate of introduction of new sporting products in the market has led to the production of more superior quality stock by the companies. The level of advert has also increased so as to maintain the levels of competence. This brings about more expenses as compared to the initial quantify before such changes were introduced.Haig (2011) found the following The Company is planning on specializing in quality brand production so as to win the custom ers loyalty and outshine their