3. The following facts characterize the furniture
industry in the United States:39
a. The industry has been very fragmented, so that
few companies have the financial backing to
make heavy investments in new technology and
b. In 1998, only three U.S. furniture manufacturers
had annual sales exceeding $1 billion. These
firms accounted for only 20 percent of the market
share, with the remainder split among 1,000
c. Capital spending at one manufacturer,
Furniture Brands, was only 2.2 percent of
sales compared with 6.6 percent at Ford
Motor Company. Outdated, labor-intensive
production techniques were still being used
by many firms.
d. Furniture manufacturing involves a huge number
of options to satisfy consumer preferences,
but this extensive set of choices slows production
and raises costs.
e. Small competitors can enter the industry because
large manufacturers have not built up
any overwhelming advantage in efficiency.
f. The American Furniture Manufacturers
Association has prepared a public relations
campaign to “encourage consumers to part
with more of their disposable income on
g. In fall 2003, a group of 28 U.S. furniture manufacturers
asked the U.S. government to impose
antidumping trade duties on Chinese-made bedroom
furniture, alleging unfair pricing.
h. The globalization of the furniture industry
since the 1980s has resulted from technological
innovations, governmental implementation
of economic development strategies
and regulatory regimes that favor global investment
and trade, and the emergence of
furniture manufacturers and retailers with
a capacity to develop global production and
distribution networks. The development of
global production networks using Chinese
subcontractors has accelerated globalization
in recent years.
Discuss how these facts are consistent with the
model of perfect competition.
Why Choose Us
We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.
Professional Academic Writers
Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.
Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.
We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.
At Essay USA, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.
Customer Support 24/7
Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: firstname.lastname@example.org.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Essay USA has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
At Essay USA, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.
Admission and Business Papers
Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.
Editing and Proofreading
Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.
We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.