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expeople1 [14]
3 years ago
12

Identify four factors that affect whether an industry does or does not present a company with a good business opportunity?

Business
1 answer:
gtnhenbr [62]3 years ago
3 0

Answer:

  1. Rivalry between competitors
  2. Bargaining power of suppliers
  3. Bargaining power of customers
  4. Threat of new competitors

Explanation:

The factors chosen to identify whether or not a sector presents a good business opportunity for a company, were the strengths of Porter, who analyzes the micro and macro environment to determine whether a company can be competitive in the market.

The rivalry between competitors is an essential factor to measure the degree of opportunity for a business to be successful, as this factor will determine different variables among competitors of similar products in the market, such as the strength of the brand, the demand for your product, etc. in order to measure how this factor will directly impact your business.

The bargaining power of suppliers implies the bargaining power of the supplier with the company, being able to provide favorable or unfavorable conditions to a business, such as price, delivery time, quality, etc.

The bargaining power of buyers means measuring and monitoring how your product will have a positive or negative weight on the customer and which affects the volume of purchases, the possibility of the customer negotiating with the company, etc.

And the threat of new competitors concerns new competitors that can enter the market and directly impact their business, for this the barriers to entry such as legislation, high entry capital, etc. should be analyzed.

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goldenfox [79]

Option (a) is the best choice. Interest groups pay lobbyists to serve as their representatives.

<h3>What does interest group lobbying entail?</h3>

The act of lobbying is the direct approach taken by a lobbyist to influence public figures to promote the agenda of their clientele. The National Rifle Association is an illustrative lobbying organization. Interest groups are associations of people who get together for the purpose of influencing the government.

<h3>Why would a lobbyist be employed by an interest group?</h3>

Lobbyists are employed by interest groups to sway elected authorities. Access to public figures in all areas of government is sought after by lobbyists. By informing government officials about the interests of their group and engaging in grassroots lobbying, lobbyists attempt to sway policy. Many lobbyists have prior public service experience.

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7 0
1 year ago
Explain the measures of customer service that are influenced by the structure of the distribution network.
Nikitich [7]

Answer:

1. Response time or Time Response

2. Product variety or variety of the products

3. Availability

4. The Customer experience

5.The Order visibility

6. Returnability

Explanation:

Below is the Explanation of the measures of customer service that are influenced by the structure of the distribution network.

We have 6 measures of customer service that are influenced by the structure of the distribution network and they are:

1.Response time can be defined as the time between when a customer places an order and when the customer receives the delivery.

2. Product variety can be seen as the number of different products that a customer wish and desires from the distribution network.

3. Availability can be defined as the probability or likelihood of a company or an organisation to have a product in stock when a customer order arrives or when a customer places an order.

4.Customer experience can be seen as the the ease that occur when a customer place and receive their order.

5. Order visibility can be defined as the ability of the customer to track their own order from the time of placement to delivery.

6.Returnability can be defined as the ease with which a customer return merchandise or product that they are unsatisfied with and the strength or the ability of the network to handle such returns.

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2 years ago
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3 years ago
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