answer the questions please chapter 6 & 7
Chapter 6
1) What economic elements are contributing to Saskatoon’s growing economy? The main economical elements can be names as natural resources and capital. Oils , gas , potash and agriculture contributes for natural recourses and Saskatoon is the hub city for logistic as it’s ideal central location helps for distribution. Saskatoon has tremendous support for locally owned businesses and businesses enjoy one of the lowest tax burdens in the country Niedoba, S. (2016). Hence it increases it capital investments. 2) What non-economical or other factors are contributing to Saskatoon’s growing economy The quality of life in Saskatoon inspire businesses and families to invest and live in the city for their beneficial. 3) What do you think are the most important factors for Saskatoon to sustain long-term economic growth? Government factor is one of the main elements for an economic growth of a country. In my opinion, the government support with low tax benefits and commercial building permit programs attract more investors (both foreign local) for businesses and it is serving to sustain the economic growth in Saskatoon. References Niedoba, S., & McIntyre, C. (2016). CANADA’S Best Places for Business 2016. Canadian Business, 89(9), 37–42.
Chapter 7
1) According to me , soft drink industry is in Decline stage , its an stage were the demand for the product begins to fall and profit ratios becomes almost half .In my view today consumer are more concerned about their health and fitness in which soft drink plates a huge role .They prefer more of diet drinks which can maintain their heath goals .because regular soft drinks like Pepsi, cola etc. contain high fructose corn syrup and have been blamed for contributing to various diseases. 2) In my views soft drink industry should focus more on healthier drinks and sugar free drinks specially for fitness freak consumers . we all know that soft dinks are majorly popular in younger generation so they should target more their . 3) It depends upon the demand for the soft drinks in the market as we cannot say that it has been fully vanished but its in decline stage .according to me if Companies like Pepsi, Coca-Cola have not changed their strategies as mentioned in above points then I don't think so any one can save these industries. They have to change their product ingredients as we can see alternative products easily available in the market as per need/demand of the customer .