I question what exactly this type of very unspecific question is doing in the ‘business’ section
Answer:
Explanation:
A reward of up to 10% to 30% is awarded to the whistleblowers from what the government were able to recover.
A week ago, i did a business interview with someone who works in a book publisher company.
One of her biggest concern regarding the business is the development of Electronic book format such as Epub and PDf. This development greatly reduced their market share since electronic books usually available at a cheaper price
Answer:
C) the firms ability to differentiate its product
Explanation:
Porter five forces of the model comprise rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.
The rivalry among competitors deals with the strength and weaknesses of the competitors so that the business does the planning accordingly.
The bargaining power of suppliers stated the change in the price of the product made by the supplier's offer plus the customer are attracted towards the product as the product is unique which impact the overall profit
The bargaining power of buyers deals with the number of buyers and how much orders are given by a single buyer.
The threat of new entrants impacts the overall position of the business if the competitor enters the market.
The threat of substitution is an alternative way to produce the goods and services which can also drop your position and also it directly impact profitability.
