music compact discs correlates with how prices are divided according to the mentioned links in production chain of the music industry. Secondly I will by use of Porter’s five forces explain the pattern of this. Very few big record companies heavily control the music industry. This is also known as Oligopoly‚ which makes the record companies price setters in the music industry and leaves them with significant more power than that of the artists and the retailers. This means that the record companies
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The bargaining power of customer is high because they can cheaply and easily change. The demand is very elastic and the information is not asymmetric. First because the market is price in-elastic. The change in the price of the product does not cause a significant change in the demand of the product. And also because most of the products are standardized‚ it is difficult to respond to consumers requirements in constantly innovating and creating additional value. Consumers have more choices but
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consumer sales promotion that Apple has developed. Post 2: During special consumer promotions‚ Apple has its certain auditions in which they target directly. For example during the month of July to September 1st‚ Apples promotes their Mac book laptops for college students. When students show their school I.D‚ they pay for a Mac book book and get any free Ipod they desire and a free printer. I can personally say that this is a good promotion method because I was one of its targeted audience who
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the firm embraces and drives change . Industry analysis: Microenvironment analysis which allow for the firm to survive in the industry environment are driven by the political‚ economic‚ social‚ technological and legal factors. The industry environment here is a virtual environment which has not caught up with the fancy of the people. Though art galleries are meant only for the rich‚ the industry is oligopolistic in nature. It is a clustered industry with only very few firms and galleries in
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PORTERS Five Forces Model The porter’s five forces model argues that the more limited is the ability of the firm to raise the prices and earn greater profits. A competitive force plays an important threat in reducing the profit to the company. Bargaining power of Suppliers Suppliers always play vital role in any industry because the quality of the raw materials will influence the value of the finished goods that are delivered by that organization. If the supplier’s power is high it will increase
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NUCOR AT A CROSSROADS CASE ANALYSIS NUCOR’S SUSTAINED PERFORMANCE RECORD PORTER’S 5 FORCES ANALYSIS • Supplier Power: With the eventual exit of integrated steel companies from buying scrap‚ the options available with suppliers to sell‚ reduced. Nucor started several small plants that were close to suppliers & customers‚ thereby reducing transportation costs. Also‚ the sites chosen had inexpensive electricity. Their employee-centric policies resulted in them having lowest attrition levels
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Laptops in the Classroom By Elena Choy Laptops in the classroom The essay “Laptops in the Classroom? No Problem” by Elena Choy‚ states that banning laptops in the classroom in not the answer. I agree with Choy because with laptops in a classroom‚ students can access the internet and this is a great tool for research and also a means of communication by using tools like chats‚ e-mails and forums. With the arrival
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Porter’s Five Forces Levi’s Strauss Power of buyers is high. * Even though Levi’s is a hallowed name in the market‚ the power of buyers is relatively high considering the fact that they can easily change to other brands. * Switching cost is low. * Power of buyer is high because the product is standardized. Power of suppliers is low. * Competition within manufacturer is high since it is mass-produced. * Manufacturer is located in many third world countries:
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What’s The Point? The article “Laptops in the Classroom? No Problem” by Elena Choy is started with a great quote that makes the readers think about their instructor . “A teacher is someone who never says anything once (106).” Choy puts up an argument about whether or not laptop computers should be banned in the classroom. She also made it known that some professors may need to reevaluate their teaching techniques. Most professors feel that laptops in class today have become a huge distraction
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early 1980s. The so-called "portable" computers followed‚ but true laptop computers were not made until the late 1980s. They had limited functions and were not standardized until the Microsoft Windows 95 operating system in 1995. Since then‚ laptop manufacturers have been refining laptop components to make them more portable yet still usable and comfortable. T ypes * Each of the two main categories of desktop computer and laptop computer is further subdivided into several sub-categories. Several
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