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Business Functions Of An Organization

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The ability and business functions of an organisation mainly influenced through the threat of new entrants, the organizations have to make effective business actions or processes or products and services so that any new company faces severe barrier to enter in the market (Baines, et al 2011). If the establishment of new organisation in a business environment is easy, any new company can open their shops very easily. Furthermore, when the market rules and regulations are easy and friendly for the organisation to open the business outlets. Therefore the existing organisations have to offer the products and services in a lower price with excellent quality so that the new organisations face difficulty to offer similar standard products and services. 4.5 Threats of Substitutes: The threats of substitute are also very important for the organisations to consider to retail business leading position in the competitive market. If there are many substitute products and services for the customers, they can buy those substitutes for usage that negatively impact on the business performance (Langlois and Richards, 2011). Furthermore, the products and services should be offered with the quality that will exceed the quality and performance of the substitute products (Kotler, & Armstrong, 2006). As a result, the organizations will be able to sell their products and services in a large scale. In case of Indian market for the McDonalds, the local people have many substitute foods to eat during
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