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ject : enterprenuership  Question: suppose we have a milk industry then we have to explainin it usins five applications of the model .(attached below kindly refer to it)

ject : enterprenuership  Question: suppose we have a milk industry then we have to explainin it usins five applications of the model .(attached below kindly refer to it)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Subject : enterprenuership 

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suppose we have a milk industry then we have to explainin it usins five applications of the model .(attached below kindly refer to it)

 

First Application of the Model Assessing Industry Attractiveness Using the Five Forces Model Competitive Force Threat to Industry Profitability Low Medium High Threat of substitutes Threat of new entrants Rivalry among existing firms Bargaining power of suppliers Bargaining power of buyers Instructions: Step 1 Select an industry Determine the level of threat to industry profitability for each of the forces (low, medium, or high) Step 2 Step 3 Use the table to get an overall feel for the attractiveness of the industry Use the table to identify the threats that are most often relevant to industry profitability Step 4
Transcribed Image Text:First Application of the Model Assessing Industry Attractiveness Using the Five Forces Model Competitive Force Threat to Industry Profitability Low Medium High Threat of substitutes Threat of new entrants Rivalry among existing firms Bargaining power of suppliers Bargaining power of buyers Instructions: Step 1 Select an industry Determine the level of threat to industry profitability for each of the forces (low, medium, or high) Step 2 Step 3 Use the table to get an overall feel for the attractiveness of the industry Use the table to identify the threats that are most often relevant to industry profitability Step 4
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