Answer:
3. Threat of flooding the industry with excellent products
Explanation:
Here are Porter's five primary forces:
- Competition between organizations in the same industry.
This create a sense of rivalry that force each organizations to keep improving their products and services.
This is what represented by option 1.
- Potential of new entrants into the industry.
New entrants into the industry will take a portion of market share. This will benefit the customers because it often force competitors to lower the price of their product
This is what represented by option 2
- Power of suppliers.
Suppliers have the ability to connect the producers and the customers. This give them enough leverage to influence the price imposed by the company.
This is what represented by option 4
- threat of substitute products.
Just like new entrants, substituted products could also take away the market share and reduce the profit that can be taken by companies. This is what represented by option 5.
- Power of customers
Customers could create a demand based on their preference. Companies will have to tried their best to fulfill this demand if they wanted to survive.
This is not mentioned in the options above.
Answer:
The consumer's level of involvement can lead to two types of buying decisions: limited problem solving or extended problem solving
Explanation:
limited problem solving:
It is a problem solving process in which customer is only willing to put very little effort to make a purchase decision in order to fulfill his want or need. Purchaser uses simple decision rules for reaching a a purchase decision with minimal research done. He is not much concerned about the best solution and has limited resources and time for searching information and assessing each alternative thoroughly.
For example: you need a new pair of joggers for gym. You are already have an idea about joggers and know about new available materials and attributes. So you might do a bit research online and come to a decision comparatively quickly. You might consider your favorite outlet instead of searching for the joggers at every outlet. So you take buying decision limiting involvement in this process.
extended problem solving
In this process the costumer attempts to collect as much information as possible, and thoroughly assess and evaluate product alternatives. So in this situation buyer don't have much idea about the product brands, attributes and characteristics to access the product. Purchaser will research, differentiate and put a lot of effort for taking best buying decision that will fulfill his needs. prior to purchasing the product, he might visit various outlets, research online, search for reviews and suggestions, take information from outlet staff. about the product Marketer should provide with such information to customer.
For example high value items like car, a house etc. Such items are not purchased often so the consumer will invest a lot of time in research and comparison in order to take the best decision.
Answer:
The role of the Management is to move an organization towards its purposes or goals by assigning activities that organization members perform. If Management ensures that all the activities are designed effectively, the production of each individual worker will contribute to the attainment of the organizational goals.
The correct answer is work specialization. This is also
known as division of labor in which this is being referred in regards with the
degree of an organization that are likely to have a division of individual task
into separate jobs.
Answer:
Common stock and $100
Explanation:
The journal entry is shown below:
Cash Dr $500 (100 shares × $5)
To Common stock $100 (100 shares × $1)
To Additional paid in capital in excess of par value - common stock (100 shares × $4)
(Being the issuance of the common stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity
