Econs Assignment Example | Topics and Well Written Essays - 250 words

Econs - Assignment Example This is due to stagnancyin the market space and increase in potential purchasing stores. The number of customers will remain constant while the number of stores increases resorting to increased competition among the traders. The profit obtained by the craft brewing industry will tend to reduce. This is because the store owners will tend to lower their prices to attract more customers and in turn lower their turnover. Most of the turnover will be divided among the different grocery store shelves. First, the breweries can manufacture different sized bottles. This will make the customers have a wide range of drinks which suite their needs at specific times. Secondly, the craft breweries could manufacture drinks available in different forms like powdered and liquid. This is because some customers may intend to purchase for use at that specified time or for a later use. When manufactured in powdered form, it can easily be store for future use by the customer. This will help target all customers and differentiate the craft breweries. Thirdly, the craft breweries could manufacture brands of different flavors. This would help break the usual sequence of a specified drink in the market and increase the sales as consumers will tend to try the new flavors. This would in turn help differentiate the craft breweries from each