Business Environment: Economic Analysis of Trampoline Market Trends

This report provides an economic analysis of the trampoline market, focusing on the impact of factors like export duties and transportation costs on trampoline prices. It explores microeconomic principles, demand and supply dynamics, and the forces influencing these elements. The report highlights how changes in production costs, consumer income, and market trends affect demand and supply curves. Ultimately, the analysis concludes that increasing trampoline rates influence both the supply and earning capacity of companies, emphasizing the importance of understanding economic factors for maintaining a steady flow of goods and services. Desklib offers a platform to explore similar assignments and study resources for students.

BMP4003 BUSINESS
ENVIRONMENT

Article Review - Economic Concepts
And Models
Name:
ID:

TABLE OF CONTENTS
• Introduction
• Trampoline's profit concern
• Approaches of Demand
• Forces that Affects Demand
• Demand Curve
• Concept of Supply
• Forces that Influence Supply
• Supply Curve
• Conclusion
• References

INTRODUCTION
Business culture refers to such factors
that are directly influence the
performance and essential function of
a business. It includes factors such as
political aspect, demand of the
consumers, legal policies and
technological upgradation. It is a
situations which comes under the
purview of economics.

TRAMPOLINE'S PROFIT CONCERN
• It is being analysed from BBC News, it
was observed that the rates of trampoline
are increasing because of rise in export duty
and it is being known by the strategy of the
distributor. According to the possessor of
Outdoor toy, Own presume that thee is the
drastic transformation in the transportation
cost and excess from the toys which are
large in size such as bouncy castle.

OVERVIEW OF MICROECONOMICS
It covers an individual choice in
response to change in incentives,
resources, prices and the methods
of production. People are grouped
in the microeconomic groups that
includes buyer, seller and the
owner of the venture.

APPROACHES OF DEMAND
It is identified as the need of the
consumer to purchase the specific
products or services and with full
capacity and buy that products. There
is no change in certain factors but
there is the negative relation between
price and product in the market.

FORCES THAT AFFECTS DEMAND
There are certain following forces which are influencing overall need and
demand of trampoline and are defined below:
• Cost of product
• Earnings of consumer
• Trends or preferences of customers:

DEMAND GRAPH
The demand graph represents the
change in the curve of demand and
the curve change from right or left
due to the fluctuation in the many
elements that includes price,
income level of buyer and their
need and expectation.

CONCEPT OF SUPPLY
It refers to significant factor which
defines explains sum of commodity
or services of buyer. It is basically
related to the total available amount
for further sale which ensures the
high profit in target market.

FORCES THAT INFLUENCE SUPPLY
 Production Cost
 Subsidies and government policies:
 Advancement of idea and innovation

SUPPLY CURVE
It refers to change in supply
curve due to several factors
which involves production cost,
government policies and
innovation. When manufacturer
of trampoline enhance its
supply line moves from s0 to s1
& s1 to s0.

CONCLUSION
It has been analysed with the help of presentation that increasing rates of
trampoline impacting the supply as well as earning capacity of the
companies. Demand and supply defined as main components of
economics that maintain the flow of goods and services in the target
consumers. Demand is being impacted because of change in the income
level, price of commodity and taste and preferences of customer.

REFERENCES
Online:
Trampoline prices 'to soar 50% on shipping costs', 2021 [Online] Available through
<https://www.bbc.com/news/business-55702243>
Walter, O. and et. al., 2020. Techno-economic analysis of hybrid energy storage
concepts via flowsheet simulations, cost modeling and energy system design. Energy
Conversion and Management, 218, p.112955.
Wan, N. and Ni, H., 2021. Advancing entrepreneurship education in universities:
concepts and practices for teaching and support: by Robert Crammond, Springer
Nature Switzerland AG, Palgrave Macmillan, 2020, 236 pp.,€ 96.29 (ebook),€ 88.39
(softcover),€ 124.79 (harcover), ISBN 978-3-030-35191-5.

THANK YOU