High bargaining power c
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- Analyze every one of Porter's Five Forces (threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products, and intensity of rivalry among competitors) relative to your company. My company is Cracker Barrel Old Country Store. Please include links or citations to resources used.Explain IKEA Category factors briefly? In these terms and it should be related to IKEA. Threat of new entrants. Bargaining power of buyers. Bargaining power of suppliers. Current category rivalry. Pressure from substitutes. Category capacity. Please relate IKEA factor with the above terms only.dentify the trade-restraining practice that this example demonstrates. The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering from a manufacturer that supplies to both companies. The CEOs decide that they will no longer work with the unfair pricing of the manufacturer. Illegal boycott No illegal practice Controlling output Division of markets Price fixing
- Answer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Questions. What Alia can do to argue or persuade the product…Answer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Question2. Advise Alia on how to recognize the opportunities in…Patterns of Firm Behaviour in Oligopolistic Markets• Price War• Non Price Competition• Price Leadership• Collusion Please explain each of the patterns mentioned above in brief.
- Explains the bargaining power of buyers. (explains in detail)A survey of 500 large retail firms located in the US and UK revealed that more than 40% plan to outsource their data security to a third-party provider. Use the Navaretti and Venables model of Incomplete Contracts to evaluate the decision of many retailers to outsource their data security rather than providing it in-house.Low capital requirements, cost advantages that are not related to company size, and the lack of brand loyalty are considerations regarding the ________. * rivalry among companies competing in the industry threat of substitute products threat of new entrants to the industry bargaining power of buyers
- 2 Dhofar Company operates in the equipment manufacturing industry and produces some office equipment. The company purchases its raw materials from a single company and there is no other company selling those raw materials. Which of the following best describes this situation in Five Forces Models? Select one: a. Rivalry among Existing companies is high b. None of the Above c. Threat of Substitutes is high because customers may change to other products. d. Bargaining Power of Suppliers is high because there is only one supplierThis question asks students to demonstrate their understanding of market entry methods, this should include an explanation of the following methods and their pros/cons with regards to control and potential market penetration; • Joint ventures/strategic alliances • Franchising • Licensing • Direct/indirect Exporting • Wholesaling • OnlineThe barrier to entry that helps reduce the threat of new entrants for an incumbent firm using a cost-leadership strategy would mean _______ 1.Having a substantially lower cost compared to competitors 2.Being able to charge a higher price than competitors 3.Having a substantially higher cost compared to competitors 4.Being able to command a higher cost than competitors from its suppliers