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Lapatulllka [165]
3 years ago
14

Why are judaism, christianity, and islam called western religions?

Social Studies
1 answer:
Anettt [7]3 years ago
6 0
Judaism<span>, </span>Christianity, and Islam<span> are monotheistic faiths practiced by about half of the world's population. Monotheism refers to the belief in one God. The three faiths are often </span>called western religions<span> to distinguish them from the eastern </span>religions<span> practiced primarily in Asia.

</span>
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Apply michael porter's three strategies and the five forces model for successfully competing in the marketplace to a new busines
ioda

Michael porter's three strategies:

1. The Cost Leadership Strategy

Porter's generic methods are ways in which of gaining a competitive advantage – in alternative words, developing the "edge" that gets you the sale and takes it far away from your competitors. There are 2 main ways in which of achieving this among a price Leadership strategy:

Increasing profits by reducing prices, whereas charging industry-average costs.

Increasing market share by charging lower costs, whereas still creating an inexpensive profit on every sale as a result of you having reduced prices.

2. The Focus Strategy

Companies that use Focus methods target explicit niche markets and, by understanding the dynamics of that market and therefore the distinctive wants of consumers among it, develop unambiguously affordable or well-specified products for the market. as a result, they serve customers in their market unambiguously well, and they tend to make robust complete loyalty amongst their customers. This makes their explicit market section less enticing to competitors.

But whether or not you employ price Focus or Differentiation Focus, the key to creating a hit of a generic Focus strategy is to make sure that you just are adding one thing additional as a result of serving solely that market niche. It's merely not enough to specialize in only 1 market section as a result your organization is just too tiny to serve a broader market (if you are doing, you risk competitors against better-resourced broad market companies' offerings).

The "something extra" that you just add will contribute to reducing prices (perhaps through your information of specialist suppliers) or to increasing differentiation (through your deep understanding of customers' needs).

3. Differentiation

In a differentiation strategy, a firm seeks to be distinctive in its trade on some dimensions that are widely valued by patrons. It selects one or a lot of attributes that a lot of patrons in the associate degree trade understand as vital and unambiguously positions itself to satisfy those wants. it's rewarded for its individuation with a premium value.

Porter's 5 Forces

Porter theorized that understanding each of the competitive forces at play and therefore the overall trade structure is crucial for effective, strategic decision-making, and developing a compelling competitive strategy for the long run.

In Porter's model, the 5 forces that form trade competition are -

1. Competitive group action

It considers the number of existing competitors and what each will do. group action competition is high once simply many businesses are commercializing a product or service, once the trade is growing, and once shoppers will simply switch to a competitor's giving for a small price. once group action competition is high, advertising and value wars turn out, which might hurt a business's bottom line.

2. The negotiation power of suppliers

This force analyzes a lot of|what proportion|what quantity} power a business's provider has and the way much management it's over the potential to boost its costs, which, in turn, lowers a business's profitableness. It additionally assesses the number of suppliers of raw materials and alternative resources that are accessible. the less provider there is the lot of power they need. Businesses are in an exceedingly higher position once there are multiple suppliers.

3. The negotiation power of consumers

This force examines the facility of the patron and their result on evaluation and quality. shoppers have power once they are fewer in range however there are plentiful sellers and it is simple for shoppers to change. Conversely, shopping for power is low once shoppers purchase products in tiny amounts, and therefore the seller's product is extremely completely different from that of its competitors.

4. The threat of recent entrants

This force considers however straightforward or troublesome it's for competitors to hitch the marketplace. the better it's for a replacement rival to achieve entry, the larger the danger is of a longtime business's market share being depleted. Barriers to entry embrace absolute price benefits, access to inputs, economies of scale, and a powerful complete identity.

5. The threat of products or services

This force studies however straightforward it's for shoppers to change from a business's product or service to its rival. It examines the number of competitors, however, their costs and quality compare to the business being examined, and the way abundant profit those competitors are earning, which might confirm if they will lower their prices even a lot. The threat of substitutes is sophisticated by switching prices, each immediate and long-run, further as consumers' inclination to vary.

Learn more about Michael porter's  here brainly.com/question/2114748

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8 0
1 year ago
What are the name of human right organizations in nepal?​
bonufazy [111]

Answer:

The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes (learn more).

A

Advocacy Forum

C

Child Workers in Nepal

I

INSEC

L

Lawyers' Association for Human Rights of Nepalese Indigenous Peoples

N

National Human Rights Commission (Nepal)

Nepalese Truth Commission (1990-1991)

S

South Asia Forum for Human Rights

T

THRD Alliance

7 0
2 years ago
Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. Which statement accurately su
irina1246 [14]

Answer:

People would support the economy through purchases of more goods and services.

Explanation: I JUST KNOW!!!

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2 years ago
Assuming that voters prefer outcomes closer to their preferred choices to outcomes further away, the median voter model predicts
BARSIC [14]

Answer:

Hi

The issue of agricultural subsidies has always been the subject of much debate, focusing on whether agricultural subsidies are necessary or not, the consensus is that certain types of subsidies are necessary, but rather on how to grant such subsidies. The traditional way has been through preferential interest rates and forgiveness of debts and renegotiations. In countries such as the United States and the European Economic Community (EEC), the most common way has been the payment of subsidies to farmers so that they do not cultivate part of the farms. The new agricultural subsidies are money given directly to the farmer for the purchase of agricultural or other inputs.

Explanation:

5 0
3 years ago
_____ infrastructure refers to housing, medical services, and educational institutions.
irakobra [83]
This is known as social infrastructure. These are called social because they are used by all people in a country and are often paid for by the country or the state owns the land on which they are built. When they are private, they often work together with the government.
6 0
3 years ago
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