Q1) list and elaborate on the factors that will be affecting the Essay - 1

Q1) list and elaborate on the factors that will be affecting the demand for the following products in the next several years. do you think these factors will ca - Essay Example Additionally, a fax arrives immediately and, more importantly, delivery is instantly confirmed. According to Davidson Consulting, more than 70 million fax machines are in operation today with the demand for fax capability growing rapidly--at a compounded annual growth rate of almost 19% worldwide. While the demand for traditional SLR cameras and films is slated to go down because of the rise in digital photography, the demand for high-end and sophisticated digital cameras is going to increase in the next few years. Since internet and paperless photography is on the rise, the demand for films might come down in the following years. A decade ago, when video and set top boxes were not heard of, video cassettes and CDs were very much in demand. Today, however with the rising popularity of tools and applications like YouTube and video-on-demand, video rented from retail outlets might see a negative growth in the coming years. With the convergence of global businesses, people across the globe are hungry for news and facts affecting global business. The demand for specialized TV programs is increasing. Not everyone is interested in every sitcom. Tastes are getting more and more specialized and people more ready to shell our more for something they feel is important to them. Thus, the demand for "pay-per-view" television programmes will be going up in the coming years. Section B Q2) list and elaborate on the factors that will be affecting the supply for the following products in the next several years. do you think these factors will cause the supply to increase or decrease (draw the diagrams to show the impact) g. Crude oilFactors affecting supply of crude oil: 1. Global reserves of fossil fuels: As the reserves of crude oil get depleted with indiscriminate drilling and use of crude oil as a source of fuel, the supply of crude oil is going to come down. 2. International relations and trade With the global superpowers trying to assert their power over the oil-rich nations of the world, things might come to a stand still and the supply of crude oil from the oil-rich countries might go down. 3. Increase in use of alternate sources of fuel: As alternate sources of energy, solar , tidal, wind, hydel, organic and chemical forms of energy gain popularity, the supply of crude oil might increase in the near future. h. Computer memory chips With the world going digital and every small thing in the world getting more and more dependent on computers, definitely, the demand for computer memory chips is going to increase. These chips will replace books and note-books in schools, paper in business and industrial transactions, games and entertainment and every other field of human interaction. i. Hotel rooms As the world goes global and distances cease to exist, the demand for travel and hotel rooms is going to incr