Chinese Fireworks - to Invest or Not to Invest

Question 1: Is the fireworks intentness a sundown intentness or still worth being in for the vast run? Answer: The fireworks pains is certainly a sunset industry and it is not worth to be in this industry for the long run. Following ar the reasons that would solidify this claim: Firstly, this industry and the use of fireworks atomic number 18 highly regulated across the globe. For sample: Canadian market is virtually closed to Chinese fireworks fall out-of-pocket to its regulations pertaining to health and safety issues. Although Europe and the US have comparatively less stringent regulations exclusively growing concerns over environmental pollution and safety of human life and property could travel by to increase in uncertainties revolving around government regulations and that hampers the growth of this industry. Secondly, Fireworks are facing tough competition from substitutes known as venture firecrackers that are now being used at weddings and terrible openings where earlier fireworks were used. New technologies such as laser beams combine with sound effects are also substituting fireworks. Also, in recent years there has been a sharp emanation in the number of fireworks manufacturers who all produce undifferentiated products and price of these products is the sole competitive criteria for the manufacturers.

Because the fireworks manufacturers often work on confine profitability there is no added incentive for new seek and development of new products and manufacturing technologies. Hence, fireworks on the whole lose out to new and attractive substitutes like laser beams. No interrogative sentence there is an optimistic view as well that suggests that fireworks are here to stay and the industry could grow further but given the current of market conditions like strict regulations, change magnitude competition because of various factors, unfavorable trading practices like leave out of respect for business contracts and no investment in look into and development makes the industry very unfavorable for investing and it... If you insufficiency to get a full essay, order it on our website: Orderessay

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