FIN 300 Lecture Notes - Lecture 5: Homarus, Endangerment, Corporate Social Responsibility
19 Oct 2017
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Http://www. prointl. ca/content/hardshell-live-lobster http://www. tropicseafood. com/live-lobster-the-chinese-market/ http://www. theglobeandmail. com/report-on-business/international-business/asian-pacific- business/canada-claws-into-chinas-rich-lobster-market/article25838615/ http://atlanticcanadaexports. ca/product/lobster-live-2/ http://business. financialpost. com/news/economy/lobster-prices-exports-skyrocket-as-chinas- hunger-for-the-lucky-canadian-crustacean-soars http://www. businessnewsdaily. com/4679-corporate-social-responsibility. html http://www. tastelobster. ca/eng_home. php?lang=eng1&page=9 http://goodfishbadfish. com. au/?page_id=31 http://mlcalliance. org/all-about-lobster/lobster-101-reproduction-and-life-cycle/ Chinese favour lobsters since the colour of lobsters are red when cooked, and red is believed to be lucky to them. Chi(cid:374)a"s (cid:373)iddle class favours fresh food, and especially lobsters since they are a symbol of status. Chi(cid:374)a"s populatio(cid:374) of (cid:373)iddle class was 150 million in 2014, and this number will grow much larger in the coming years. This growth will increase the demands of lobsters, and business overall. China has imported lobsters from australia, (cid:271)ut the redu(cid:272)tio(cid:374) i(cid:374) the (cid:374)u(cid:373)(cid:271)er of (cid:272)at(cid:272)hes tur(cid:374)ed chi(cid:374)a"s attention towards the canadian atlantic coast. They also prefer north american lobsters compared to. Australian lobsters, due to the fact that they are a different species and have claws. China will be able to meet their growing demand for lobster, for a fine price of fresh quality lobsters. The chinese middle and upper class is our target market.
