High bargaining power of the buyers tends to increase industry rivalry. True False
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- GENERAL MOTORS The level of rivalry among organizations in an industry. The potential for entry into an industry. The power of suppliers. The power of customers. The threat of substitute products.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 buyers118- In the GE-Mckinsey Matrix, Industry Attractiveness indicates the potential for ______. Suppliers Sellers Competition Profitability
- With the development of internet, information is now widely available that enables customers to compare prices and performance of different products. This results in the increase of bargainibg power of buyers bargaining power of suppliers threat of substitutes entry barriers to the industry.Create Porter's Five Forces in a café that sells shakes, milkshakes, and snacks (fries, siomai, dynamite lumpia, veggie takoyaki, and beefy nachos) PORTER'S FIVE FORCES • Threat of New Entrants • Bargaining Power of Supplier • Bargaining Power of Buyers • Threats of Substitute Products • Rivalry Among the Existing Firmsbuyers could be the following individuals ? a. Customers and suppliers b. Workers and Suppliers c. Friends and Family d. None of the Above
- Dispersing particular value chain activities across many countries rather than concentrating them in a select few countries can be more advantageous, except when Group of answer choices buyer-related activities (such as sales, advertising, after-sale service, and technical assistance) need to take place close to buyers. there are diseconomies of scale in trying to operate from a single location. it helps hedge against the risks of exchange rate fluctuations, supply disruptions, and adverse political developments. buyers' demand for short delivery times and/or high transportation costs make it uneconomical to operate from one or just a few locations. there are reasons to decouple buyer-related activities in favor of locational advantages.37- Remember the bargain signaling theory from in-class exercise? This theory suggests that Group of answer choices retailers can keep on increasing prices as long as prices end in 9, without affecting sales there is strong evidence that sales actually do not go up when prices end in 9 consumers tend to focus on the right digits and round down 9 ending prices consumers perceive prices ending in 9 as especially good deals 38- Which of the following is NOT a benefit of physical retail stores to consumers? Group of answer choices products displayed can be personalized to each shopper enjoy the product right away receive personal service while shopping lower perceived risk of buying 39- Retailers like Walmart are rolling out self-service technologies (SST) such as the Pickup Towers at Walmart. Which of the service characteristics this technology alleviates first and foremost? Group of answer choices perishability indivisibility inseparability heterogeneity 40- An…Which of the following is not one of the five typical sources of competitive pressures? A) The power and influence of industry driving forces. B) The bargaining power of suppliers and seller-supplier collaboration C) The threat of new entrants into the market The market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry D) The attempts of companies in other industries to win customers over to their own substitute products
- In an analyzation of the auto industry in the US using Porter's Five Forces (including the level of competition within the industry) riding a bicycle, taking public transportation and walking are examples of items that appear in which ONE of the five forces? Select one: a. Threat of Substitutes b. Bargaining Power of the Buyer c. Bargaining Power of the Supplier d. Threat of New EntrantsExplain IKEA Category Factors briefly? Threat of new entrants. Bargaining power of buyers. Bargaining power of suppliers. Current category rivalry. Pressure from substitutes. Category capacity. Of these points.Do the following interpretations have ethical ramifications? Companies owe it to their customers and shareholders to hire the world's greatest people for the lowest possible price.