In order for a managerial team to develop an effective strategy, they first need to assess the conditions under which the organi
zation is operating under and existing in. There are several tools available to managers to accomplish this end. One of these tools, Porter’s Five Competitive Forces, allows managers to assess the level of competitiveness within a particular industry. According to strategy expert Michael Porter, business-level strategies originate within the five primary competitive forces of threats of new entrants, bargaining power of suppliers, bargaining power of buyers, threats of substitute products or services, and rivalry among competitors. This exercise will test your knowledge of Porter’s Five Competitive Forces.
a.. Match the term or phrase with the related competitive force from Porter's Five Competitive Forces:
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Bargaining Power of Buyers Glass
4. Threat of Substitute Products or Services Advertisement
5. Rivalry Among Competitors
Options:
O Internet
O Investments
O Music
O Glass
O Advertisement
a.. Match the term or phrase with the related competitive force from Porter's Five Competitive Forces:
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Bargaining Power of Buyers Glass
4. Threat of Substitute Products or Services Advertisement
5. Rivalry Among Competitors
Options:
O Internet
O Investments
O Music
O Glass
O Advertisement
1 answer:
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The volume of a cuboid toy chest is equal to their product of the length,
width, and height.
- The correct option for the toy chest she should purchase is; <u>Only toy chest A will provide the necessary storage space</u>.
Reasons:
The dimensions of the toy chest are;
Toy chest A;
Length = 5 feet
Width = 4 feet
Height = 2 feet
Toy chest B;
Length = 4 feet
Width = 2 feet
Height = 4 feet
Volume of Toy chest A = 5 ft. × 4 ft. × 2 ft. = 40 ft.³
Volume of Toy chest B = 4 ft. × 2 ft. × 4 ft. = 32 ft.³
The volume of the toy chest Mrs. Smith needs = 35 ft.³
The toy chest Mrs. Smith should purchase is Toy chest A, that has a volume of 40 ft.³, which can store items that with a volume of 35 ft.³
The correct option is; <u>Only toy chest A will provide the necessary storage space</u>
<em>Possible question options obtained from a similar question found online are;</em>
<em>Either toy chest have the storage space needed</em>
<em>Neither has the storage space needed</em>
<em>Only toy chest A</em>
<em>Only toy chest B</em>
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Learn more about calculating volumes of various shapes here:
