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Alcohol and Tobacco Markets Assignment

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Added on  2020-03-28

Alcohol and Tobacco Markets Assignment

   Added on 2020-03-28

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Running head: ALCOHOL AND TOBACCO MARKETSAlcohol and Tobacco MarketsName of the StudentName of the UniversityAuthor note
Alcohol and Tobacco Markets Assignment_1
1ALCOHOL AND TOBACCO MARKETSTable of ContentsIntroduction................................................................................................................................2Beer, Wine and Cigarette Markets.............................................................................................2Impact of health earning on packaging of cigarette...................................................................3Impact of yeast shortage.............................................................................................................4Cigarette ban and declining crime rate.......................................................................................5Conclusion..................................................................................................................................6References..................................................................................................................................7
Alcohol and Tobacco Markets Assignment_2
2ALCOHOL AND TOBACCO MARKETSIntroductionIn United States, there is a growing concern for rising consumption of cigarette andalcoholic beverages. In order to put a restriction on cigarette consumption tax rates oncigarette has increased. The tax policy is successful in reducing cigarette demand. it is foundthat when cigarette demand reduces then beer and spirit demand also reduces indicating accomplementary relation. With an objective of reducing crime rate Isle of Man currentlyemploys the strategy of banning cigarette for prisoners. Beer, Wine and Cigarette MarketsIn United States beer market dominates other two most common beverages Wine andSprit market. Hence, Beer occupies an important place in the category of Alcoholicbeverages. American spends nearly $37 billion as recorded from bear retail selling in 2017(nielsen.com, 2017). There is intensive competition among different brands. Some of thedominating brands in beer industry are Anheuser-Busch In Bev, Miller Coors, HeinekenUSA, Pabst and Boston Beer Co.USA has the largest Wine market in World. Apart from domestic production UnitedStates import a large volume of Wine every year. Australia is one of the large exporters ofWine in USA. The sales in wine industry have an upward trend. In the wine market there are90991 wineries as recorded in 2017 (wineinstitute.org, 2017). The preference and spendingon Wine is increasing day by day encouraging Wine production and Sales.US posses a large cigarette market as like alcoholic beverages. In the phase of antismoking policies the producers in the market focus on developing newer product. In thisregard the E-cigarette market is has become important. Regular cigarette, menthol cigarette,cigars are some of the varieties available in the market.
Alcohol and Tobacco Markets Assignment_3

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