The Product Is Technology Dependent

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The product is technology dependent. The technology availability and its infrastructure can directly influence the business, its quality, operation, and success. The Legal legislation also has a critical impact on the business. The change in legislation can directly influence the business performance and its success. In the changing world of business, the business has to contribute to the community, surrounding, and the environment. This is critical for the customer loyalty and trust. If the business fails to do that the customers are unable to relate to the business and that adversely affect their loyalty and trust. 3.2 Porter’s five forces analysis The threat of new entrance – low The Europe is one of the most desired fertile…show more content…
In order to be successful the business has to offer to its customer nothing less than perfect service that is preciously according to the customer needs and demands (Johnson, 2005). Bargaining power of the supplier-Low PSA is one of the market leaders with the second highest market share in the Europe. Tough the business enjoy lasting relations with the suppliers the bargaining power of the suppliers is low. The relation and dealing with the suppliers is always kept transparent aiming to attain a mutual benefit. This will facilitate the automaker in getting the best price from the suppliers and channel that to the customer by offering them the value of their money spend (Abdel Rahman, 2010). Bargaining power of the customers The customer behaviour has change after the invasion of technology, now the customers want nothing less than the quality of their money spend and make no compromise on the quality of the product or the service. They prefer the make a well calculated and analysed decision. That is why it is rather an essential to have a strong existence both online and off line. The auto industry the businesses are offering closely related in many cases identical products and services that reduces the switching cost and the bargaining power the customer’s increases (Abdel Rahman, 2010). 3.3 Internal analysis
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