Part 1
Compare price of the same product/service in at least 10 different places. It can be within the living area or out of the living area (including via internet) of the students. It can be normal products/ services or luxury product/ services.
Our group member will choose this topic today which is Royal Gold.
Royal Gold if from the company of Nibong Tebal Paper Mill SDN BHD (NTPM). Royal Gold is also a brand tissues bring about a special luxury and lasting elegance to all consumers. It can be describes as a luxurious Interleaf brand tissue comes in soft blue for calm and soothing effect and a bright canary yellow for an optimistic and cheerful feeling. In economics, Royal Gold is luxury goods in all brand of tissue paper which mean an increase in income causes a bigger percentage increase in demand. For example, when income rises, people will spend a higher percentage of their income on the luxury goods which is the brand of Royal Gold rather than premier tissue paper.
A luxury good is also a normal good, but a normal good isn’t necessarily a luxury good competitive. A Royal Gold tissue paper can be counted as a normal good which mean a good that consumers will buy more of as their incomes increase. Other things equal, an increase in income usually leads to an increase in demand for a normal good where the curve will shift to the right but when a decrease in income usually leads to a decrease in the demand for normal goods which shift the curve to the left. So such a Royal Gold luxury facial tissues can be counted as normal good.
Normal Good.
Demand
Demand
Income
Income
Royal Gold tissue paper have many type, it have a box tissue, hanky pack,bathroom tissue,kitchen towel roll,cube box and soft pack. It also can be divided in 3 ply tissue and 2 ply tissue.
Today our group member will make a research on 3ply tissue on hanky pack.
Hanky Pack.
ROYAL GOLD...
