SGMT 3000 Lecture Notes - Lecture 6: List Of Mtr Stations, Positio, Traditional Chinese Medicine
24 Feb 2017
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Protectionism: the theory or practice of shielding a country"s domestic industries from foreign competition by taxing imports: produce and sell within their country. Local demand conditions: questionable assumption, realistic assumption if a company has to operate domestically before expansion in order to compete globally, it must face pressure to compete domestically. Using scale economies to produce large quantities. Hk wanted to make available affordable tcm (traditional chinese medicine) product: (cid:862)i(cid:374)te(cid:396)(cid:374)al (cid:272)ooli(cid:374)g p(cid:396)ope(cid:396)ties(cid:863) substitutes tcm, tailo(cid:396)ed fo(cid:396) (cid:271)usy people, o(cid:396) (cid:862)o(cid:374) the go(cid:863, cantonese speaking people traditionally drink herbal teas hk has mostly. Cantonese speaking people, viable market: tcm tends to be expensive for daily consumption. Hft has great success in hk: success ipo, highly profitable. Unprofitable in mainland china: losses, store closures. But china presents a huge potential market: remains in incentive to penetrate the market: . 7 billion in hk; billion in china.
