Compose a 3500 words essay on Chemical Manufacturing Industry. The paper tells that to be able to earn good profit out of manufacturing chemicals, business owners are required to produce chemical products by bulk. Aside from the tight market competition within the chemical manufacturing industry, managers should be aware that the monetary requirement in the establishment of a high-volume chemical manufacturing plant is high. Within the chemical industry sector, the threat of a new entrant is moderate. Even though a potential new player could easily enter the industry, there are quite a lot of factors that could negatively influence their decision to enter the business. Although basic chemicals are usually not protected by intellectual property rights, the number of existing manufacturers within this sector is already high. Thus, it will lead to higher competition in market. With regards to specialty or fine chemicals, most of these items are protected by intellectual property rights (i.e. patent). Therefore, potential new players are prohibited to manufacture the same product. Aside from the large capital requirements, other factors that could make a potential business player refuse to enter the chemical manufacturing business is because potential new entrant is required to take advantage out of economies of scale. Economies of scale is the secret behind a successful chemical manufacturing business. Since it would be very difficult on the part of a new entrant to immediately win the trust of large-scale buyers, economies of scale will not be that easy for new players to achieve.
Chemical Manufacturing Industry
We help you get better grades, improve your productivity and get more fun out of college!!
Homework Answers Online
Free title page
Free reference page
How it works – it’s easy
Place your Order
Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.
Make a payment
The total price of your order is based on number of pages, academic level and deadline.
We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to ensure that the assignment meets all of your requirements.
Once complete, we’ll send your assignment via the email provided on the order form.