The correct answer is 5.
Managers and analysts may better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.
<h3>What are the five competitive forces identified by Porter?</h3>
Porter identifies five factors as the main sources of competitive pressure within an industry. They are as follows:
a) rivalry in a healthy way.
b) supplier strength.
c) consumer power
d) threat of replacement
e) a potential new entry.
<h3>What is the operation of Porter's competitive force model?</h3>
These factors affect a company's profitability by affecting the quantity and strength of its rivals in the market, possible new market entrants, suppliers, consumers, and replacement goods. Business strategy may be guided by a Five Forces analysis to boost competitive advantage.
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Answer: marketing orientation
Explanation:
Wholesalers controlled the marketing process during the 19th century, because they distributed unbranded commodity products from the manufacturers. But, when those markets got crowded, the wholesalers began playing off one supplier against another. This dramatically hurt the profits of the manufacturers, so they started to look for ways to wrest control back. The manufacturers shifted their emphasis from an orientation towards production to a marketing orientation. They were committed to new product development, developing their own sales teams, labeling and naming their products, and participating in strong national brand marketing.
Answer: The following would be true if the attorney charges Brendon using a retainer: <u><em>the attorney would charge separately for consultation and paperwork.</em></u>
The attorney from the firm will look into the case and thereby charge separately for consultation and paperwork.
<u><em>Therefore the correct option in this case is (b)</em></u>
Answer:
<u>False statement</u>
Explanation:
This statement is untrue because a strong business case refers to reasons for making <em>a business proposal</em>.
Rather a strong business case suggests that a company should pursue the alternative, over other options because it would be in the firm's best interest to do so. It is usually done during a business strategic planning phase.
Answer:
1. Helps in Comparison shopping.
2. Helps to access wider number of products with different feature offerings.
3. Results in improved product within less time duration which ultimately benefits consumer.
4. Helps in shaping the supplier behavior and achieve Environmental footprints
Explanation:
1. Helps in Comparison shopping
The comparison shopping helps the customer opt to the better product which better suits its needs and wants.
2. Helps to access wider number of products with different feature offerings
There are a lot of products which we don't know about. E-Marketing has allowed us to access these wider range of differentiated products.
3. Results in improved product within less time duration which ultimately benefits consumer.
The supplier to analyze what actually their customer wants from them in the long run and for this reason the internet presence of an organization helps to improve the product and customer experience.
4. Helps in shaping the Supplier behavior and achieve environmental footprints
The reason is that the increased importance of environment friendly products and tax exemptions on such products, the suppliers are forced to grow green. This customer behavior helps in transforming the supplier behavior which also benefits the customers and future generations as well.
