Threat Of New Entrants : Low

The barrier to enter Biotechnology industry is high. The first barrier is the extensive requirements in funding coming from heavy expenditures in R&D, along with the risk of little to no returns or even heavy losses if the drug fails to reach the market. Regulatory environment partly contributes to the barrier as the new drug approval process can be time-consuming with relatively 89% of failure to pass through. The second barrier is specialization. Companies with knowledge in obscure diseases will enjoy low threat of new entrant for there are few experts in the field.

Transportation in the region has a long and successful past. However, public transportation has consistently taken a back seat to the personal automobile. There has been a strong core of persons who rely on public transportation to achieve mobility, and governmental

Congress began to hold high-profile hearings on automobile safety in 1965. In 1966, President Lyndon B. Johnson signed both the National Traffic and Motor Vehicle Safety Act and the Highway Safety Act into law. The two bills gave the federal government authority to set and enforce safety standards for vehicles and roads. The NTMVSA was the first legislation mandating federal safety standards for motor vehicles. Although the safety standards in the NTMVSA were watered down in response to industry lobbyists, it required important safety features that the current generation of car drivers would never expect to be absent from a vehicle: “seat belts for every passenger, impact-absorbing steering wheels, rupture-resistant fuel tanks, door latches that stayed latched in crashes, side-view mirrors, shatter-resistant windshields, windshield defrosters, lights on the sides of cars as well as the front and back, and ‘the padding and softening of interior surfaces and protrusions.’” (History.com)

Firstly, on average, for every billion dollars invested in the field of public transportation capital and operations creates and supports 36,000 jobs (2). Furthermore, these new 36,000 jobs will in turn result in approximately 3.6 billion dollars in business sales and approximately half a billion in federal, state, and local tax revenues (2). By maintaining this yearly funding of public transportation there lies the possibility of a whole new job sector emerging which could, in turn, stem long-term unemployment rates. Secondly, there is strong evidence to support a positive causation between public transportation and beneficial effects towards families and businesses. For example, for every dollar invested in the field of public transportation, approximately four dollars are generated in “economic returns” (2). There also exist statistics that claim that for every 10 million dollars invested in public transportation, there is potential for returns as high as 30 million dollars in business sales solely (2). Individually speaking, the average annual savings for one that takes public transportation and chooses to live with one less car is just a little less than 10 thousand dollars (9,900)(2). In order to show the saving nature of the public transportation system, estimates claim that without public transportation, costs from traffic congestion alone would have risen 19 billion dollars (2). The last of the outlined economic

“Why Public Transportation Is So Limited in the United States” by Daniel Faris, is an article published on Truth-Out.org, a nonprofit journalism website. Daniel Faris is a graduate from Susquehanna University, where he studied journalism and business, and writes about politics, technology, and progressive music in his free time. His article on public transportation exposes, what he believes to be, some of the major flaws behind the American public transportation system. Throughout this article Faris uses rhetorical appeals to his advantage. Faris’s effectiveness using pathos, logos, and ethos lead to his article having a fairly solid argument with minimal errors.

The automobile industry has influenced the US society in many aspects. The automotive production on commercial scale started in Europe in 1890’s. At this time, they were only able to produce a few numbers of cars in the market. When the automobile industry started in the US, cars were considered as toys for rich. From 1904 to 1908, about 241 auto-manufacturing firms went into business. One of these firms was Ford Motor Company, led by Henry Ford, which outpaced its competitors in a very short time. After Ford Model N success in the market, Henry Ford was encouraged to introduce his Model T car to the market; after several failed product lines. As a result of its durability and price, Henry Ford innovated one of the most important innovations

Today, even though more than 90 percent of households 2 have cars, governments spend 28 percent of the nation's transportation funds on public transportation.

public transit networks. But just how serious is the burden of car ownership, and how exactly does

There is not a segment of American society that does not benefit from public transportation. It is a fact of life that some portion of the urban population is comprised of those individuals who cannot use or do not have access to a car to travel because they are handicapped, elderly, or economically disadvantaged. Consider for a moment if your elderly mother or grandmother lived in this neighborhood and could not get about without the help of others. Now consider how much more self-sufficient she would feel if she were able to get out and about on her own when she needed or wanted. Some form of public transportation is necessary if the people in this category are to have the mobility essential for subsistence and satisfaction in their

Large cities and populations rely on public transportation to reduce traffic congestion and vehicle emission as well as provide a means for citizens without personal vehicles to travel to important places like work, school or the grocery store. Critically important infrastructure to any city, without a reliable regional transportation system those who cannot afford cars are greatly impacted. Such groups may be confined to a particular neighborhood which may result in lack of accessibility to jobs or other important resources, in modern cities neighborhoods cut off from transportation can become increasingly poor, see elevated crime rates and more likely to continue to be separated from the local economy. Beginning operation in 1973 Sacramento’s public transportation system grew with the population of the region, in the past two decades the system has extended even further to incorporate outside cities. The system

Transportation in American cities has become a major concern, as more people find it difficult to move safely around cities. Using public transportation to navigate a city is usually affordable for less affluent members of society, allowing them to get to work, school or shopping centers. However, inefficient or unreliable public transportation can be inconvenient for residents who use it as their main mode of travel within a

proper braking system so that not only the driver stayed safe, but the passengers as

The economy in the United States continues to struggle through a very sluggish recovery. We are constantly bombarded with terms like green, alternative or renewable energy sources as ways to save money and help the environment. However, there is not an alternative energy company that comes anywhere close to the revenues of the old-fashioned oil and gas industry. The “greenest” energy-as far as money goes- continues to be the multi-billion dollar oil and gas industry. What many people don’t know is that modern technology is helping this industry become more environmentally friendly. Despite gasoline prices almost doubling in the last six years, the rise of hybrid cars and a continued push to lower emissions. Americans have not slowed down on the highway or their demand for gasoline. The United States Transportation Statistics estimates that in 2012, there were 628 motor vehicles and gas per 1,000 people. This is a business that will continue to have demand despite the strength of the economy for many reasons. Demand for gasoline in the United States is just one small part of it.

• Developers – are very much price orientated / many occasions don’t see the need for

The use of public transportation provides an opportunity for people to be able to travel from one place to another at a low cost and also delivering care for people who are not able to care for themselves. Public transportation or Public transit is also known as mass transit for a reason, because it is designed to serve the masses. If a person has little choice to use private transport, they would be willing to pay a premium for convenience and health purposes. But that does not make it a solution for people who depend on low-cost public transportation to get to their destination (Cho, You, & Yoon, 2017).