QUESTIONS AND ANSWERS ~ COMPETITIVE ADVANTAGE 1. Using Porter’s five-forces framework‚ discuss why profitability in the European textile industry is lower than that in book publishing. Porter’s five-forces model of competitive industry structure proposes that the determinants of industry attractiveness and long-run profitability are the threat of new entrants‚ the threat of substitutes‚ the bargaining power of buyers and suppliers‚ and the rivalry between existing competitors. Using these
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Market Structure and the Role of Government 1. Explain the unique characteristics of the four primary market structures. The four primary market structure are perfect competition‚ monopolistic competition‚ oligopoly‚ and monopoly (Quickonomics‚ 2017.). Each of these four characteristic of the market structure has a great influence on the decision-making and the profits (Quickonomics‚ 2017.). In perfection‚ this is a situation by which a large number of small firms compete against each other. Similarly
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Cell differentiation is the process by which cells become specialized in structure and function. Without cell differentiation‚ cell division would only produce a large ball of identical cells. Cell differentiation is not random‚ it organizes tissues and organs in a particular arrangement in the process of morphogenesis. The specific genes expressed in any particular
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responsibility C) hold people responsible D) establish a timetable E) allocate resources 2. An organization attempts to succeed by distinguishing its products from those of the competition. What type of strategy is this? A) Focused differentiation strategy B) Low-cost strategy C) Related diversification strategy D) Unrelated diversification strategy E) Concentration on a single business strategy 3. When an organization enters a new type of industry‚ which is not similar in any way
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distribution. A Differentiation Strategy is one of creating a product or service that is perceived as being unique "throughout the industry". The emphasis can be on brand image‚ proprietary technology‚ special features‚ superior service‚ a strong distributor network or other aspects that might be specific to your industry. This uniqueness should also translate to profit margins that are higher than the industry average. In addition‚ some of the conditions that should exist to support a differentiation strategy
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http://smallbusiness.chron.com/different-types-pricing-strategy-4688.html Different Types of Pricing Strategy Pricing is one of the four elements of the marketing mix‚ along with product‚ place and promotion. Pricing strategy is important for companies who wish to achieve success by finding the price point where they can maximize sales and profits. Companies may use a variety of pricing strategies‚ depending on their own unique marketing goals and objectives. Premium Pricing Premium pricing strategy
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Phoenix‚ 2012). It will be a great challenge‚ because I will need to formulate a differentiation strategy‚ also will be dealing with three different scenarios‚ and working closer with three demanding‚ and experience co-workers; Benjamin Bao (Chief executive officer)‚ Chris Winter (Chief engineer)‚ and Meredith Kiligore (Vice President Brand communication) who are going to help to demonstrate the relationship of differentiation and positioning. To decide on a positioning strategy for Thorr Motorcycles
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experience both enmeshment and disengagement. An example of this would be when a family member ends a romantic relationship the family tends to become disengaged and experiences differentiation. However‚ in the event of a family tragedy the family experiences higher levels of enmeshment and lower levels of differentiation. However‚ neither of these ever reached a significant extreme‚ which in my opinion‚ allows the family to be highly adaptive and mange high level of anxiety. A couple
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He has two main theoretical perspectives; one is “the five forces model of competition”‚ and the other one is just the “three competition strategies” (Michael Porters Strategy). The three competition strategies are cost leadership strategy‚ differentiation strategy and segmentation strategy. These strategies are used for people to achieve‚ maintain and even increase their competitiveness of their business. Porter thought that the purpose of these strategies is to make the business of the enterprises
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becomes less elastic. II. Product differentiation creates excess capacity A. Excess capacity means that fewer firms operating at capacity could supply the industry output. B. Excess capacity is the gap between the minimum ATC output and the profit-maximization output‚ indicating that the firm is operating below optimal capacity (plant and equipment that are underused because firms are producing less than min ATC output.) C. The greater the product differentiation‚ the greater the productive inefficiency
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