What are the challenges faced by the owner in thrift shops in japan?4 answersOwners of thrift shops in Japan face various challenges. The perception of small businesses as backward and weak persists in Japan, impacting the image and stability of thrift stores. Additionally, while consumer demand for thrift stores is studied, the supply side, including image projection, is often neglected, posing a challenge for owners to establish a positive brand perception. The political-economic landscape in Japan, characterized by an iron triangle of party bosses, bureaucrats, and business magnates, influences the distribution of resources and support, potentially affecting the operational environment for thrift shop owners. Furthermore, in Japanese literature, thrift shops are depicted as urban hideaways where emotional connections and relationships are formed, highlighting the importance of creating a welcoming and engaging environment for customers, which can be challenging for owners to maintain.
What are the most common barriers to market entry in Japan for foreign companies?5 answersForeign companies face various barriers when entering the Japanese market. These barriers include cultural challenges such as corporate culture, communication issues with colleagues, and gender disparities at work. Additionally, digital communication barriers exist both internally and externally for foreign firms in Japan, especially in sectors where remote work is feasible. Market entry is also hindered by macro-level institutional barriers, affecting accessibility to the Japanese distribution system and the development of inter-organizational networks. Despite Japan not having overt anti-takeover legislation, traditional relationships between management and shareholders, like cross-shareholdings, pose obstacles to successful takeovers by foreign companies. Overall, these barriers encompass cultural, communication, institutional, and legal aspects, making market entry in Japan challenging for foreign firms.
What are the threats of new entrants in the Latin American fashion industry?5 answersThe threats of new entrants in the Latin American fashion industry include competition from industrial-country multinationals and the need to respond to opportunities in industrial-country markets. Additionally, the development of the fashion industry in Latin America is influenced by the importance of indigenous roots, creativity, and the positioning of Latin American fashion globally. The emergence of social media and blogs has also impacted the fashion industry, but there is a lack of research on the use of social media and blogs in fashion marketing and brand management. Furthermore, Latin American societies have a racial caste system that favors European appearance, resulting in exclusive use of models of European appearance in publicity channels and the perception that Latin American products are of poor quality.
What are the threat of substitute in clothing retail industry?5 answersThe threat of substitutes in the clothing retail industry is a significant concern. Counterfeits have been found to have both advertising effects for a brand and substitution effects for authentic products, with the effects lingering for some years. Additionally, retail-based clinics have emerged as substitutes for traditional doctor's offices, providing quick, convenient care for minor acute illnesses. In the European textile and clothing industry, small and medium-sized enterprises (SMEs) face specific environmental threats due to limited resources and lower negotiation power. Furthermore, trade liberalization has led to a crisis in the textile and clothing industry, with important employment losses and differences in productivity and working conditions. These various substitutes pose challenges for the clothing retail industry, requiring businesses to adapt and find strategies to remain competitive.
What are the negative consequences of fast fashion?5 answersFast fashion has negative consequences on various aspects. It exploits workers, contributes to environmental pollution, and has detrimental effects on textile manufacturing in the Global South. The production of fast fashion leads to the pollution of waterways due to the disposal of cheap clothing and the use of fabric dyes and chemicals. Additionally, the large consumption of fast fashion results in a significant environmental impact, including air pollution and the accumulation of unusable waste. Despite these negative consequences, fast fashion continues to be popular due to its low prices and trendy designs. However, there is a lack of awareness among consumers about sustainable fashion consumption, which further contributes to the problem. Overall, the negative consequences of fast fashion include worker exploitation, environmental pollution, and the depletion of resources in the Global South.
The threat of new entrants: what are the barriers to entry into the industry?2 answersBarriers to entry into an industry can restrict competition and hinder the entry of new competitors. These barriers can take various forms, such as regulatory restrictions, high entry costs, and lobbying efforts by incumbent firms. Regulatory restrictions can be a significant barrier to entry, but their impact on social welfare depends on their purpose. Barriers that promote competition or protect consumer welfare can be socially beneficial, while barriers that restrict competition and limit new entrants are socially harmful. High entry costs can also act as barriers, as they deter potential entrants from entering the market. Incumbent firms may lobby for higher entry barriers to protect their market position, while potential entrants may advocate for a freer environment for entry. Understanding and measuring these barriers is important for assessing the level of competition in an industry and its impact on market dynamics.