Elan and the competition in the ski boat industry

Question 1. What are the chief economic characteristics of the boating industry? Answer 1.The major characteristic of the boat industry is the overall economy. 2.When the economy is booming then the sales of boats will increase. These types of boats are considered a luxury item and when the economy is failing, so are the sales. 3.The market size is relatively small with only 17 major skis and recreational wakeboard boat manufactures nation wide, including Australia. 4.Rivalry among …

…