Answer:
Factor analysis
Explanation:
Factor Analysis
This is commonly known as decrease or lower the number of variables. It simply means to lower the number of columns in a data matrix. It usually combines related variables to common factors.
Example: can questions that are used to assess the brand qualities be clustered or grouped together to fewer rates or dimensions
The Concept of factor analysis includes:
1. It simply want to identify those factors that gives detail explanation on correlation among a set of variables.
2. To also identify a new, smaller set of uncorrelated variables to replace the original set of correlated variables in regression or discrimination.
3. To identify a smaller set of quiet variables from a bigger set for use in other multivariate analysis.
Powhatan asserted control over five Native American tribes.
Answer:
Organic’s efforts are an example of the threats of substitute products and services in Porter’s model for industry analysis.
Explanation:
The application of Porter's model in the reality of a company can be the great differential capable of helping the leadership in defining its goals and even its brand positioning. This model consists of considering 5 “forces” that, according to Porter, can determine the position of any company in its respective market. These forces are: rivalry between competitors; bargaining power of suppliers; bargaining power of customers; threat from new competitors; threat of new products or services.
In relation to the case raised in the question above, Organic's efforts are an example of the strength of "substitute product and service threats" in Porter's model for industry analysis. Not always the worst threat comes from a known competitor or new market players, but from new products or services that make your solution outdated. So it is worth considering this threat, which represents Porter's fifth and last force.
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