Threat of substitutes The threat of substitutes means that a product identical or similar with other product which same characteristics product we found easily. The industry is less attractive when the threat of substitutes is high. In this case‚ we need to produce different product compared to the other firm to attract consumer to buy from us. Our firm threat of substitutes is medium as we are producing the plus sizes of clothing for men and women. In this industry‚ although there are several brand
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Teasha Longmore Operations Management Homework Assignment #1 Case Study: Creature Care Animal Clinic (B) This case study is about Dr. Barr who is a veterinarian and opens her own clinic. She like most first time owners is having problems managing‚ organizing‚ controlling inventory‚ and staffing employees. She just needs to take some time and find out the main goal that she set out to accomplish in the first place. The operation management problem that Dr. Barr is currently facing is planning
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Plan Opportunities and challenges of setting up a business Introduction It would be a good idea to open a new business. However‚ it is important to analyze the risks because of the big finance investment. It is important to analyze the opportunities‚ challenges and risks before starting a new business. Business The economic system works where business and organizations exchange goods and services for other goods and services or for profit. Every business requires some form of investment
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Threats may be created by a broad range of relationships and circumstances. When a relationship or circumstances creates a threat‚ such a threat could compromise‚ or could be perceived to compromise‚ a professional accountant’s compliance with the fundamental principles. A circumstance or relationship may create more than one threat‚ and a threat may affect compliance with more than fundamental principle. Threats fall into one or more of the following categories: (a) Self-interest threat – the threat
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To what extent do the opportunities presented by China outweigh the threats? Justify your answer with reference to your own research and the item above. China is considered to be a leading emerging market in the world of business. Because of this‚ China can offer a sum of opportunities‚ such as a promising youthful demographic and a bourgeoning middle class‚ who have an increasing disposable income. However‚ with this range of opportunities come potential threats also. These may include the problem
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advertising for calling its eggless spread‚ ‘mayo’. The corporate giant is demanding Hampton Creek change its labels of its Just Mayo products (which is currently an egg with a plant growing over it). Founded three years ago‚ Hampton Creek uses yellow peas instead of eggs in its spread. It has great support from the people buying Just Mayo‚ to back up its new innovative way of consuming egg free products in sustainable simple ways. In less than a year‚ Just Mayo has landed on shelf space in major retailers
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Threat of Entry Significant economies of scale the price of laptops has come down in recent years and the prices of some printers are more expensive than others that are smaller! Part of the reason for this is that there is a different degree of technology involved in the production of some of these products and‚ in addition‚ it is not likely that they will be produced in the quantities that will allow the benefits of economies of scale to manifest themselves. With most multinational corporations
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and economic growth in China and India are institutions. There are two kinds of institutions; one is formal institution‚ including political system‚ legal system and economic system‚ another one is informal institution‚ which consists of culture‚ business norms and ethics. As for political system in India‚ which labeled as "sovereign‚ socialist‚ secular‚ democratic republic." It is similar to America‚ it has the federal form of government‚ its central government is patterned after the British parliamentary
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External environment External Factors (environment) - It is the external forces that are beyond the control of the individual business A number of external factors can affect business (STEEPLE analysis) - economy - These are factors outside the business - political/government policy that may affect its - social decisions. - External factors that - technological may present opportunities - ecological or threats to - legal a business - ethics Economy – business need to observe the economic
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product/services‚ adequate staff and the layout of the facility. The layout of the clinic was created with intentions of being an outpatient animal care facility. These services would include minor surgical operations and examinations. By accommodating to customer needs of pet grooming‚ Dr. Barr went off course with her initial purpose of the clinic. Currently‚ she is providing surgical operations‚ examinations and pet grooming. Her clinic layout was built strictly for outpatient surgeries on animals with a
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