Answer:
e. Buyers
Explanation:
As per Michael Porter's 5 forces to assess industry attractiveness, following are the five forces:
1. Buyer power
2. Supplier power
3. Threat of substitutes
4. Threat of new entrants
5. Competitive Rivalry
As per the given information, the students represent the buyer power with respect to their negotiation or bargaining power. This means the influence and control buyers exercise over price of products (textbooks) here.
In the given case, the supplier power appears more domineering since buyers, the students have no other option but to buy the updated textbooks beyond a period of time as those books have been suggested by the professor.
Answer:
Directive PMO
Explanation:
A project management office(PMO) refers to creation of groups and departments within an organization so as to define standards and to ensure those standards are met.
In a directive form of project management office, it completely takes over projects and allots resources, and assigns project managers to projects.
In such a form of Project management office, the project managers are supposed to report to such directive offices.
In the given case, since Fran reports to such a PMO form which assumes control of the projects and manages the project, this is a directive form of project management.
Answer:
Elastic or commodity
Explanation:
In microeconomics theory this product would be an elastic product because there are a lot of them so if the price of one of them rises you can choose other kind, but in marketing theory these kind of products are called commodities because there are not a lot of differences between them.
Answer:
bottom-up approach
Explanation:
According to my research on different types of approaches to budgeting, I can say that based on the information provided within the question Prenora Inc. will most likely use the bottom-up approach to budgeting. This type of budgeting method focuses on determining the costs of each section of an organization and then totaling them all up, and this is mostly worked on by middle management. Which is why we can say that this is the budgeting method that they will most likely use.
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