Mega yachts and mega money
Read the article Mega yacht maker pushes out the boat (you can do this in the window below or follow the previous link to read the article in a separate window) and then consider answers to the questions below.
Define the term 'income elasticity of demand'.
Explain the factors that affect the value of the income elasticity of demand for a product like mega yachts.
".....the global yacht market is growing steadily at some 10-15% per year". Analyse two external factors that determine the rate of growth of the market for yachts.
Prepare a SWOT analysis for the Azimut-Benetti Group and evaluate their future strategy.