ME Discussion 3 Essay Example | Topics and Well Written Essays - 250 words

ME Discussion 3 - Essay patternDue to increase in price of crude oil which is the key element for signs manufacturing and technological advancements, the taxation of organizations has been severely impacted (Jailing, 2011). Considering the developments taking place at an accelerating rate worldwide in ink industry, the prices of these products ordain increase which bequeath affect the requisite of this product. For the company being reviewed, firms elasticity of demand for this product is elastic as increase in price will affect the demand of ink in digital create industry. There is high demand of inks that be suitable for high measure digital industry along with energy cured inks. The market for this ink comprises of packaging and commercial printing and publishing companies.In future i.e. next fin years, it is expected that demand of sleek magazines and catalog will increase which will mean that there will be increase demand of ink systems that are energy curable along wi th usage of equipments for printing presses that are fast and automated. Two types of inks are gaining popularity i.e. water-based inks and veg oil based inks to support production of environmental friendly products so that ecological pollution cigaret be minimized. It is expected that demand of digital inks will increase by 3.7% in next five years i.e. 2017 (Electronics Industry, 2012). The increase in demand is expected because of increasing requirement of technology that has in screen-printing feature, institution of departments responsible for internal graphics that facilitate professional level of quality, computer usage will keep tripled in future and in-house printing needs are being required both small and galactic scale companies. The digital inks segment will see accelerating growth in future because of exponential enlargement of inkjet printing (Electronics Industry, 2012).Electronics Industry (2012, January 10). Global