Answer:
a. The power and influence of industry driving forces
Explanation:
As per Michael Porter, there exist five competitive forces that influence competition in an industry. The five forces as per Porter are:
- Potential entrants
- Industry competitors
- Customers
- Substitutes
- Suppliers
Potential entrants refers to the risk of new entrants in the market.
Industry competitors refers to the extent of rivalry and competition between existing firms.
Customers relate to the negotiating or bargaining power of the customers and to what extent they exercise such power.
Substitutes refer to the emergence of substitute products in the market which may drive down a firm's sales.
Suppliers relate to the bargaining power exercised by suppliers with respect to inputs.
Answer:
the order point is 19
Explanation:
The computation of the order point is shown below:
Order point is
= Demand during lead time + safety stock
= 11 + 8
= 19
hence, the order point is 19
We simply applied the above formula so that the correct value could come
And, the same is to be considered
And ignored the demand during review cycle as it is relevant for the calculation of the order point
Answer:
An internal customer or internal service provider can be anyone in the organization.
Explanation:
It is true that in a market system, consumers exercise consumer sovereignty, is crucial in determining the types and quantities of goods produced.
<h3>What is consumer sovereignty?</h3>
Consumer sovereignty refers to the control exercised by consumers' preferences on the production of goods.
Here, the consumers have the power to judge what goods as well as services are produced as the case maybe.
Learn more about consumer sovereignty here: brainly.com/question/4397035
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Answer: Political union
Explanation:
Economic integration is an agreement among the countries in a region that is aimed to reduce and remove the barriers to the free flow of the factors of production and goods or services.
A political union is a type of union that is formed out of smaller states. A political union is the most advanced form of integration wherby there is a common government and one where the sovereignty of member countries are reduced. It is found within federations where there's a central government and level of autonomy in the regions.