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3 years ago

What is the Porter's 5 forces model?

Business

1 answer:

neonofarm [45]3 years ago

4 0

Answer:

Created by a Professor Michael E. Porter, from Harvard, this model explains the various forces applied to a business.

Competition in the industry : Are there competitors in the industry? If so, are they numerous and weak or is the industry dominated by a few major players?

Potential of new entrants into the industry : What's the risk of having new competition? If you are selling a product, can you protect it with a patent for example?

Power of suppliers : Can the suppliers of what you need easily affect the prices? It's basically asking if there is competition in your suppliers' market.

Power of customers : That related to your customer base. If your customer base is large, chances are no individual will be able to force your price down. But if you are dealing with a limited number of customers, one of them might force you to lower your prices.

Threat of substitute products: Is there any comparable product/service offered at a lower cost that might bring your prices down?

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Gulmirah, a small underdeveloped country, has an adult population of 16.8 million, and the remaining 13.75 million of the popula

vfiekz [6]

<span>The GDP of Gulmirah is equal to approximately "</span>$19.70 billion".

All of these exercises add to the Gross domestic product of a nation. The Gross domestic product estimation additionally represents spending on exports and imports. In this way, a nation's Gross domestic product is a measure of consumer spending (C) in addition to business investment (I) and government spending (G) and additionally its net exports, which is exports-imports (X-M).

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3 years ago

Which one of the following is correct about variable costing systems?

IgorLugansk [536]

Answer:

C nag sa got ko sa yo yang C DAHIL SA VARIABLE

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3 years ago

what was a benefit of square inc. that differentiated it from the other pos systems that were available at the time it first lau

Mice21 [21]

Small businesses were able to afford to accept credit and debit card transactions because a flat fee was charged per transaction.

Smaller companies and individual vendors were able to accept credit and debit cards for payment since they didn't need to invest in expensive servers or infrastructure. Servers at restaurants were able to process customer payments right at the table, increasing the speed at which they could turn over tables.

Smaller groups and individual carriers had been capable of taking delivery of credit and debit cards for the price considering the fact that they did not need to spend money on high-priced servers or infrastructure. This led organizations to attention to how their personnel was prompted and managed and led to the development of a principle Y management fashion that specializes in the force for character self-achievement. McGregor's perspective places the obligation for performance on managers in addition to subordinates.

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1 year ago

Smallville has a linear production possibility frontier in the production of good X and good Y. It can produce 6 of X per hour o

aliina [53]

Answer:

The maximum amount of good Y produced will be 960.

Explanation:

Smallville has a linear production possibility frontier in the production of good X and good Y.

It can produce 6 of X per hour or 8 of Y per hour.

It has 240 hours of labor and divides labor hours equally between the production of good X and good Y.

It means that both good X and good Y get 120 hours of labor each.

The amount of good Y produced in 120 hours

= $120\ \times\ 8$

= 960 units

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3 years ago

After seeing advertisements for the Toyota Prius, Joel becomes interested and does some Internet research. However, after seeing

ANTONII [103]

Answer:

False

Explanation:

A lagged effect in marketing can be defined as the delay that comes from an effort put into marketing a product.

In marketing, efforts put into an advertisement can yield a greater result even after the lag period. This means that a product might need more than one advertisement and the combined effects of the advertisements will be seen overtime if not immediately.

In the above question, Joel still went on to get a Ford fusion after seeing the Toyota advert which means that something from his research must have influenced his decision. Either price, quality, or any other factors must have been responsible for Joel's choice but it is definitely not the lagged effect.

Cheers.

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3 years ago