Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
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When analyzing the industry, Bella Blooms must be concerned about the threat of substitute products or services.
This is one of the threats proposed by <em>Porter</em> in his model of the 5 forces that help to understand market competitiveness.
Bella Blooms must be concerned about the threat of substitute products or services because another fertilizer manufacturer has emerged with the same target market as the company, which could lead to a decrease in Bella Blooms market share.
In the threat of substitute products or services, the customer realizes that they can partially or totally substitute one product for another, which leads companies to actions such as:
- develop focused marketing strategies.
- adapt your processes to market needs.
Therefore, <em>Porter's</em> 5 forces model guarantees that through the analysis of market factors, it is possible to identify its strengths and weaknesses and adapt its strategy to be competitive and profitable in the market.
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The rate of increase for the two automobiles = $34,200 - $19,000 = $15,200.
$15, 200 / $19,000 = 0.8
Therefore, the rate of increase for the two automobiles is 80%.
Answer: process consultation
Explanation: process consultation is using outside consultants to assess organizational processes such as workflow, informal intra-unit relationships, and formal communication channels. Process Consultation is the creation of a relationship with the client that permits the client to perceive, understand, and act on the process events that happen in the client's both internal and external environment in order to improve the situation as defined by the client. However, A process consultant is an individual that is highly qualified professional that has deep knowledge and insights into and understands the psychological and social dynamics of working with various client systems such as whole organizations, groups, and individuals.
