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Essay Details:
Essay text:
Other than that the cosmetics industry is not subject to a lot no political constraints and legal regulations.
Economic Factors:
Even though FaceWipes provides cleaning of facial oil at convenience, with the current global economic crisis,
consumers might be unwilling to pay for expensive wipes. With Nivea being a premium brand, consumers might opt to purchase
a substitute product which might be of lower quality and price.
Technological:
It is widely known that product categories that are weaker on the technology dimension are particularly vulnerable to competition from both new products and foreign competition...
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