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3 years ago

Under which conditions, according to the Porter five-forces model, can a supplier group gain power?

Business

1 answer:

Tasya [4]3 years ago

8 0

Answer:

b. When there is a lack of importance of the buyer to the supplier group

Explanation:

According to Porter there are five forces that can cause rivalry in a production industry. These are supplier power, threat of new entrants, buyer power, threat of substitutes, and degree of rivalry.

Supplier power is when suppliers are able to benefit from the producers by increasing prices of inputs and gaining some industry profit. Since suppliers supply input and labour to the producer they have a greater control of there is lack of importance of the buyer to the supplier group.

This means that the supplier group has more control on price and quality it supplies to the buyer with buyer having little choice but to buy.

If however buyer is more important to the supplier it means they can control price and quality of inputs

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There are a number of toothpastes marketed under the Crest brand, including Cavity Protection Crest, Pro-Health Sensitive Shield

SashulF [63]

Answer:

B. product line

Explanation:

The large variety of toothpastes under the Crest brand is an example of a product line

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3 years ago

Taylor & Edwards Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,

kirill [66]

Answer:

$170.24

Explanation:

The prime cost are the direct manufactured product's costs

raw materials + direct labors

Direct materials 550,000

Direct labor 880,000

total prime cost 1,430,000

Units manufactured 8,400

Prime Cost per unit = cost / units

1,430,000 / 8,400 = 170.238095238 = 170.24

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3 years ago

According to PCN analysis, service operations exist only within the area(s) of: a. independent processing.b. independent process

topjm [15]

Answer:

(D). surrogate interaction and direct interaction.

Explanation:

Process Chain Network (PCN) analysis involves designing an organization's processes in such a way that it brings about better interaction with customers.

The PCN analysis highlights three process areas which are; surrogate interaction, direct interaction and independent processing areas.

Service operations only exist within the areas of surrogate interaction and direct interaction, because they require more interaction with customers and are more personal in nature.

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3 years ago

Read 2 more answers

__________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell

ira [324]

Answer:

Franchise

Explanation:

This is a business arrangement where the owner of a successful business gives the right (through special business and legal arrangement) to another, to run such business in a specified location using his brand name in accordance with agreed terms and conditions. Under this arrangement, technical support and training are always provided by the franchiser.

The franchisor charges the franchisee a fee for the right which in most cases is periodic. The franchise is renewable.

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3 years ago

Ribelin Corporation is adding a new product line that will require an investment of $218,000. The product line is estimated to g

Vikentia [17]

Answer:

C. Payback is 10 years

Explanation:

Payback is the number of years it will takes to recover the initial investment, which in this case translates to: how long will it take for Ribelin Corpration to recover the $218,000 investment given the stated cash-flows.

Year Cash-flow Balance

0 (218,000.00) (218,000.00)

1 32,000.00 (186,000.00)

2 18,000.00 (168,000.00)

3 21,000.00 (147,000.00)

4 21,000.00 (126,000.00)

5 21,000.00 (105,000.00)

6 21,000.00 (84,000.00)

7 21,000.00 (63,000.00)

8 21,000.00 (42,000.00)

9 21,000.00 (21,000.00)

10 21,000.00 -

11 21,000.00 21,000.00

12 21,000.00 42,000.00

By end of year 10, total inflows are exactly equal the initial investment, therefore it will take them 10 years

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3 years ago