Chinese firework industry

The Intensity of Rivalry among Competitors in an Industry (High): Equally balanced competitors exist within the industry such as BCF and KMD; these firms also face competition from retailers and wholesalers. The growth of the industry is relatively agile in both financial and technological aspects. The intensity or rivalry is further accentuated by relatively high storage and fixed rental costs, extensive product differentiation and minimal switching costs.

David Jobber and Fiona Ellis-Chadwick (2013). Principles and practice of marketing. 7th edition. United Kingdom: McGraw-Hill Education.

Because your firm’s product will be marketed to China’s high-end market segment, competition is low. Chengbao, is your firm’s only competitor. However, Chengbao’s product, unlike your firm’s product, requires consumption within five days. Also, Chengbao only

Mature company, has been around for more than 15 years, simple business structure – manufacturing and merchandising, heavily based on inventory sales, however it is highly prone to competition in this industry. The intensity of rivalry is very high in this industry.

Change occurs all the time in organizations, it is the one thing that is always consistent. In order for an organization to stay relevant they must re-invent themselves in order to continue to satisfy their customers’ needs. My goal in this paper is to share about an organization called Acme Fireworks and to determine if the laws that these businesses will be governed by, analyze the contracts, apply the five essentials elements of an enforceable contract, explain the potential liability if a spectator is injured, discuss the different employment types relevant to this company, and explain why they should not operate as a sole proprietorship.

When we see fireworks explode, what we’re actually seeing is the explosion of components inside the aerial shell. The aerial shell is made up of gunpowder and stars, small lumps that are comprised of fuel, an oxidizing agent, a metal-containing colorant, and a binder. These stars are what give the fireworks their colors. (De Antonis, pg 8). The metal-containing colorant produces the color when it’s exposed to a flame (in this case, the ignition of the gunpowder) then the fuel and oxidizing agent combine to create a chemical reaction that yields powerful heat and gas (De Antonis, pg 8).The binder holds all these ingredients together when the firework explodes. When the fuse at the bottom of a firework is lit, the energy propels it upwards until

Acme Fireworks sells fireworks in all their myriad forms. Single-use, aerial display, ground display; if there 's a need, Acme Fireworks supplies it. Starting out as a garage endeavor, Acme Fireworks is a sole proprietorship that is looking to change its entity status due to a recent influx of bigger business contract requests that would mean a larger employee base, more liability risk, and higher demand of a dangerous product (prompting evaluation of insurance protocols and coverage). This act of expansion would lead to the company adhering to the Uniform Commercial Code (UCC), as “an order or other offer to buy goods for prompt or current shipment shall be construed as inviting acceptance either by a prompt promise to ship

In a Chinese ritual, tubes made of bamboo filled with gunpowder were thrown into a fire for explosions. After this, gunpowder and tubes have been used for celebrations. As rockets became more advanced, these “fireworks” became more advanced, with more shapes and sizes.

Fireworks are one of those things that everyone loves to see every chance they can get. Acme Fireworks wants to start showing fireworks on the regular basis, but it will cost more to hire more people for the labor, insurance, and the service of setting off the fireworks. I will determine if the contract with the businesses will be governed by common law or the Uniform Commercial Code and explain why, analyze whether the owner formed the contract with the business and apply the five essential elements of an enforceable contract. I will explain the potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a fireworks display, discuss the difference employment types and relationships relevant to agency law and analyze the advantages and disadvantages of each type specific to Acme Fireworks. I will also explain why Acme Fireworks should not operate as a sole proprietorship and I will recommend a new business entity and provide rationale to support my recommendation.

The Role of Black powder in Fireworks Fireworks are a device containing gunpowder and other combustible chemicals. Fireworks cause spectacular effects and explosions when ignited. They are most commonly used for display on in celebrations (William Collins Sons & Co, N/D). Fireworks are spectacular as they produce amazing bursts of colour that form a variety of shapes.

Acme Fireworks is a reputable fire work company that falls under the form of retailer. In order to gain consumers and sell their products they must put out ground display’s of their fireworks as well as a variety of aerial fireworks, especially their larger products. This company started out as a small family owned business in the back of a man’s garage and as he grew and drew in more consumers he is now a managing fifteen employees that help him operate his business. The company has been a sole proprietorship and the owner has never changed his entity, meaning no partnerships or shareholders. The owner has received numerous inquiries from surrounding businesses if his company would be able to create more personalized fireworks for them on a more regular basis.

Existing Competitors. Rivalry among competitors within an industry use price discounting, new products, marketing, and other techniques to be competitive. Profitability of an industry suffers from high rivalry. The intensity with which companies compete and the basis on which they compete determine to which degree rivalry brings down an industry’s profitability (Porter, 2008). Pure competition is considered by economists as a competition with a high

Fireworks in shows such as 4th of July, are much more powerful than those offered to consumers.

There is an old-line of the Chinese fireworks, which is tightly combined with varieties of celebrations and festivals in China. Especially, Liuyang is known as “the home of fireworks and firecrackers” and good at making varieties of fireworks. And fireworks and firecrackers has become the pillar industry of Liuyang.

Literature from various sources was reviewed in the first step in order to The Literature Review identified y the Key Competitiveness Indicators (KCIs) of Chinese construction firms, such as quality, reputation, profit and company?s culture etcetera. and so on. However, in the current dynamic global construction market, several indicators exist which may affect Chinese firms expanding their businesses overseas. Therefore, it is necessary to establish a model to analyse and improve Chinese construction firms? international competitiveness.