Perrier, an iconic brand in the world of mineral water, started to experience some problems the year after it great success of 1989. The previous year it had remarkably sold 1.2 billion bottles of mineral water, almost half to the population in the United States. The reason for their remarkable sale can be attributed to the absence of potential competitors in the market. The people had no choice, and therefore, they had to buy Perrier’s bottled water. However, in the year 1990, a minute quantity of benzene detected in the bottle reduced its sale by almost fifty percent ( ...
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Question 1
Both China and India are on the way to becoming world-renowned economies (Bosworth & Collins 45-66). One of the reasons for the economy growth is that private firms are now allowed to practice in markets in which they were previously barred. The move attracted foreign investors to these countries spurring the growth currently seen in the countries. The growth seen in China also results from the good relations between the governments and the private businesses as well as investors. Another reason that the two nations have experienced tremendous economic growth is the fact that they have large markets for their ...
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