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
Premium Clothing Marketing
In Porter’s model‚ substitute products refer to products in other industries. To the economist‚ a threat of substitutes exists when a product’s demand is affected by the price change of a substitute product. A product’s price elasticity is affected by substitute products - as more substitutes become available‚ the demand becomes more elastic since customers have more alternatives. A close substitute product constrains the ability of firms in an industry to raise prices. The competition engendered
Premium Truck Automobile
1. Threat of Substitute In Porter’s model‚ substitute products refer to products in other industries. The price elasticity of a product is influenced by substitute products. As more substitutes become available‚ the demand becomes more elastic since customers have more alternatives. Generally‚ substitute is able to reduce demand for a particular product because there is a threat of consumers switching to the alternatives. (Porter M. 1980) Chains of convenience stores are emerging in the market
Premium Supermarket Retailing Milk
2.0 THREAT OF SUBSTITUTES PRODUCTS 3.1 Switching costs Switching cost is a negative cost that consumers get regarding to the changing suppliers‚ brands‚ or products (Investopedia 2012). There are four different methods of switching costs that involve when substituting to another product. The four different methods are learning cost‚ opportunity cost‚ implementation cost‚ and conversion cost. Each method has own different values‚ however these cost does not involved to the electronic industry
Premium Apple Inc. Price Marketing
4 - Threat of Substitutes = HIGH Threat of substitutes is the measure of availability that consumers can purchase goods/services other than the ones provided which offer similar benefits. Threat of substitutes for Camberwell’s retail strip is quite high as there are many other possible retail strips located in other suburbs a customer could venture to; and as mentioned during the analysis of ‘the threat for new entrants’ online competition for these retail strips are also abundant. Not only that
Premium
of the Progressive Grocer‚ a monthly industry publication‚ we can know that in 2009‚ 35‚612 supermarkets were in business in the United States‚ which accounted for 54.5% of food item sales by grocery stores including supercenters and warehouse outlets. Convenience stores had 31.9% of sales‚ and wholesale clubs had11.5% of sales. So‚ supermarkets overall account for more than half of all food sales. Market definition In general‚ we believe that a supermarket is a large comprehensive retail store
Premium Supermarket Retailing Grocery store
Introduction: This individual assignment will be assessed by means of a 3‚500 ± 10% word Report. The assignment has been designed to allow you to develop and use your knowledge and skills in understanding key strategic issues relating to food retail internationalisation. You will be required to apply the strategic concepts and analytical techniques studied in this module. All the learning outcomes below will be assessed: 1. Demonstrate critical understanding and application of relevant theories
Premium Retailing Supermarket Food industry
SUPERMARKET INDUSTRY IN AUSTRALIA TABLE OF CONTENT SUPERMARKET INDUSTRY CHARATERISTIC Supermarket industry market size Shopping habits Industry employment and their wages Basis of competition Market segmentation Product and services segmentation Positive growth factors The Porter’s Five Forces Model Supermarket industry attractiveness MAJOR COMPETITION Keys competitors Financial ratio analysis Sales growth Ebit margin Ebitda margin Inventory days Current ratio Return on investment
Premium Supermarket Retailing Marketing
Threat of Substitute Products (High Pressure) Although creating its own resort city‚ IOI Resort City still unable to secure any advantage and the threat of substitute remain high. In terms of food and beverage selection‚ IOI Resort City only have IOI City Mall as the main point for food selection which offer limit choices same goes to fashion and purchase of daily products. YTL Hotels with J.W Marriot hotels and Ritz Carlton offer not only 5 Stars cuisine but with walking distance comes the anchor
Premium Hotel Hospitality industry Lodging
Substitute teachers find jobs by first completing the application and interview process from their local school district. Once approved‚ they will either be enrolled in an automated calling system or more currently‚ via a system that uses the internet to post available substitute teaching assignments. Substitutes can also find work by contacting private schools in their district. Most substitute teachers in the U.S. can be assigned to work in all academic subject areas as needed (except for long-term
Premium Education Teacher School