https://padlet.com/beverlyong77/miecproj en-us 2017-05-23 14:13:27 UTC 2018-07-24 08:54:37 UTC hello@padlet.com janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177410773 2017-06-26 04:02:17 UTC https://padlet.com/beverlyong77/miecproj/wish/177410773 kityeecheah https://padlet.com/beverlyong77/miecproj/wish/177411496 Companies were competing not on price, but on building "premium" brand images, driven by consumer demand. They invest heavily in research and development, constantly introducing new products and ingredients that purport to - among other things - boost mental development and vision.

Parents want to provide the best for the children, and thus "good price/value" has become an important factor in consideration of purchasing infant milk powder. Which thus causes an increase in the demand of premium infant milk powder, influencing the market to shift towards in producing and upgrading their infant milk powder. This has largely contributes to the increase in prices of the infant milk powder.

Investments in marketing and research & development activities also increased the overall costs for formula milk manufacturers. ]]> 2017-06-26 04:19:41 UTC https://padlet.com/beverlyong77/miecproj/wish/177411496 rikoyeo21 https://padlet.com/beverlyong77/miecproj/wish/177412896 2017-06-26 04:47:35 UTC https://padlet.com/beverlyong77/miecproj/wish/177412896 kityeecheah https://padlet.com/beverlyong77/miecproj/wish/177413085 Parents are willing to spend on good-quality infant formula because infant formula constitutes the sole source of nutrients for their young child if breast milk is not available.

Also, milk powder is a short-term expense, thus parents are more than willing to incur high expenses in the short term to buy good quality milk powder for their children. 

-These pre-existing mindsets of parents, are causing an increase in demand for premium infant milk powder, which influences supplier to focus on enhancing their infant milk powder, resulting in price increase. 
- Brand loyalty and the limited effectiveness of price competition in encouraging parents to switch to a new brand hence, retailers are keen to stock only what consumers demand.
- Parents to perceive that the more expensive products are of higher quality, limiting competition for other brands to enter the market

]]> 2017-06-26 04:52:57 UTC https://padlet.com/beverlyong77/miecproj/wish/177413085 janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177413233 -Milk powder is an necessity. Even though average price of milk powder raise from 25$ in 2007 to 56$ in 2017, parents are still willing to buy the milk powders. 
-The latest National Breast Feeding survey in 2011 shows that 96.1 per cent of mothers breast feed their babies to some extent right after delivery but this number drops to 41.6 per cent six months after delivery, which indicates that many babies rely on infant milk formula 

]]> 2017-06-26 04:56:41 UTC https://padlet.com/beverlyong77/miecproj/wish/177413233 janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177413489 MILK POWDER is inelastic because of availability of substitutes. There only availability of substitute is goat milk or cow milk. Many people do not want to substitute their milk powder with goat/ cow milk. Hence, because of the limited availability of substitutes for milk powder, milk powder is inelastic]]> 2017-06-26 05:03:20 UTC https://padlet.com/beverlyong77/miecproj/wish/177413489 janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177413586 Government will do more through maternity hospitals, review import requirements to facilitate more formula milk options and by tightening advertising and labelling regulations.
-To encourage more competition, government will simplify and streamline import requirements as well as remove unnecessary barriers to entry so as to bring in more options for parents 
-More infant formula options will be made available in hospitals.
(With more choices of infant milk formula available to consumers, more sources of supply and hence greater competition in the market, prices over time should level out)]]> 2017-06-26 05:05:40 UTC https://padlet.com/beverlyong77/miecproj/wish/177413586 janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177413595  Increase in wholesale prices  over manufacturing costs 
- Investments in marketing and research & development activities also increased the overall costs for formula milk manufacturers. CCS found that total marketing expenditure by all major manufacturers increased by 42.4% between 2010 and 2014--> factor cost
-The explanation provided by major infant formula suppliers seems to point to efforts into research and development (R&D) for infant formula.

-A check on a similar can of infant formula from Malaysia and from Singapore also shows slight differences in the ingredient mix.]]> 2017-06-26 05:06:02 UTC https://padlet.com/beverlyong77/miecproj/wish/177413595 janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177413656  The lack of alternative sources of supply of formula milk products besides the authorised distributors of formula milk manufacturers in Singapore limits the extent of price competition for the same brand in the marke]]> 2017-06-26 05:07:39 UTC https://padlet.com/beverlyong77/miecproj/wish/177413656 janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177413847 Infant milk formula is thus not a small item of expenditure for young families 
-With its disbursement in S$20 denominations to a total of S$200, the NTUC vouchers could potentially offset 40 per cent of the cost of a tin of milk powder with each purchase]]> 2017-06-26 05:11:57 UTC https://padlet.com/beverlyong77/miecproj/wish/177413847 janiceyapbolanos https://padlet.com/beverlyong77/miecproj/wish/177414057 2017-06-26 05:17:09 UTC https://padlet.com/beverlyong77/miecproj/wish/177414057 beverlyong77 https://padlet.com/beverlyong77/miecproj/wish/177988704 2017-07-04 01:36:51 UTC https://padlet.com/beverlyong77/miecproj/wish/177988704