FIVE COMPETITIVE FORCES OF INDUSTRY Michael Porter has postulated that the intensity of competition in an industry is determined by its underlying economic structure1. And he further contends as we saw above‚ that the industry structure is shaped by five basic competitive forces: the threat of new entrances into the industry‚ the bargaining power of suppliers to the industry‚ the threat of substitute products or services‚ the bargaining power of customers or buyers‚ and the Rivalry among Existing
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The Iron-Carbon Diagram There are two iron-carbon equilibrium diagrams: - stable iron-graphite Fe-Gr - metastable iron-cementite Fe-Fe3C The stable condition usually takes a very long time to develop. The metastable diagram is of more interest. Fe3C iron carbide called cementite because it is hard. Following phases exist on Fe-Fe3C diagram: - liquid solution of iron and carbon (L) - ferrite ( ) – an interstitial solid solution of carbon in Fe (bcc). At room temperature ferrite is ductile but
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6 Pg 305 2. What is a data flow diagram? Why do systems analysts use data flow diagrams? Answers: A picture of the movement of data between external entities and the processes and data stores within a system. Systems analysts use DFDs to help in the analysis phase by accomplishing the following three things: 1. Requirements Determination 2. Requirements Structuring 3. Alternative Generation and Selection 3. Explain the rules for drawing good data flow diagrams. Answers: Process: A. No process
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P6-Explain how the government supports the development of e-business Introduction In P6‚ I am going to explain how the government supports the development of e-business for different organisations. Training The government and the European Union (EU) advice different businesses to help them to compete with other business online. Small businesses will find it hard to compete with the bigger business as they are not as recognised. The government and the EU will help and advise them to promote themselves
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PRACTICE PROBLEM SET B Process Flow Diagrams 1. Consider the Custom Molds‚ Inc. case on pages 125-127 of the text. Prepare a process flow diagram of the Mold Fabrication process and the Parts Manufacturing process‚ showing how they are linked. We will discuss this flowchart in class on March 29. 2. Founded in 1966‚ DAV is one of the world’s largest insurance companies with locations in 32 countries. Given the description below‚ flowchart the New Policy Set-up process as it existed
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4.6.2 Class Diagram: • In software engineering‚ a class diagram in the Unified Modeling Language (UML) is a type of static structure diagram that describes the structure of a system by showing the system’s classes‚ their attributes‚ operations (or methods)‚ and the relationships among objects. • The class diagram is the main building block of object oriented modeling. • It is used both for general conceptual modeling of the systematic of the application‚ and for detailed modeling translating
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Table of Contents Definition and types of E-commerce 3 E-commerce payment systems 3-4 Importance of E-commerce in modern business 3 Conclusion 7 Recommendation 7 References 8 E-Commerce refers to the buying and selling of products and services over electronic systems like the internet and other computer networks. This system depends on technologies like electronic funds transfer‚ supply chain management‚ internet marketing‚ online transactions
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QRT E-Business Task 1 A.1 Viability of Product or Service Envy Beauty Supply and Salon is a full service beauty salon that was founded in 2010 by Suzy Smith. They are located in downtown Barstow‚ CA in the heart of the city. The salon offers a full line of high end services to their clients. Hair‚ nails‚ skin care and massage therapy are among the services they provide. They also carry an array of higher end beauty supply lines available for purchase in store. When the salon first opened
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The airlines industry has historically been one of the most unprofitable industries. The reason can be explained when incorporating Michael Porter’s famous Five Forces Model. The threat of competition is Southwest Airlines Co. (NYSE: LUV) is an American low-cost airline based in Dallas‚ Texas‚ with its largest focus city at Las Vegas ’ McCarran International Airport. It is the largest airline in the United States by number of passengers carried domestically per year and (as of December 31‚ 2007)
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Component Diagram Notations The component diagram’s main purpose is to show the structural relationships between the components of a system. In addition‚ component diagrams are useful communication tools for various groups. In creating a component diagram‚ there are different notations that can be used to show the different relationship of each component within the system. The component diagram notation set now makes it one of the easiest UML diagrams to draw: * COMPONENT A component can
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