http://www.economist.com/news/business/21594984-big-tobacco-firms-are-maintaining-their-poise-quietly-wheezing-running-out-puff
This article is about how big tobacco companies are struggling like never before due to record low sales and fewer and fewer young people smoking. The three main tobacco companies in america are Altria, Reynolds and Lollilard have been suffering of late but company experts are still confident in there current and long with standing business model. This may not be the smart move however seeing as smoking is becoming less and less popular. This issue for the tobacco industry could be more widespread than just the US; tobacco companies world wide may have to start rethinking how they market their product.
Can you explain how this article relates to the topics we had talked about in class?
ReplyDeleteI think this article helps magnify the power of social media on our economy. With new facts and pictures being exposed to young teens at the tip of a finger it is hard for tobacco companies to be deceitful about their product.
ReplyDelete