Business, 13.08.2020 17:01 aariannahnorwoo

The most powerful of the five competitive forces is usually: Select one: a. The competitive pressures that stem from ready availability b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage c. The competitive pressures associated with the potential entry of new competitors d. The bargaining power and leverage that large customers are able to exercise

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Answer from: Sairra

b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.

Explanation:

The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.

The Porter's five forces of competition framework are:

1. The bargaining power of suppliers.

2. The bargaining power of customers.

3. Threat posed by substitute products.

4. Threats posed by new entrants.

5. Threats posed by existing rivals in the industry.

The most powerful of the five competitive forces is usually the competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage. When the amount of competitors (sellers), as well as the quantity of goods and services they provide are large, the lesser their competitive strengths or advantage in the market because the customers have a large pool of finished goods and services to choose from and vice-versa.

Answer from: Quest

Iwould ask my manager: 1. why the new procedures were coming into effect2. what problems the new procedures solved3. how long the speech should go forthe reason i would ask these questions are to ensure that the staff understand the reason for the changes and to ensure i could communicate them in a timely and effective manner.

Answer from: Quest

Competitive intelligence activities occur so that a company can use information about a competitor's new products to develop superior marketing strategies for its own products. when talking about competitive intelligence, an easy way to remember these terms are to know your enemy. when having competitive intelligence it's allowing information you find out about other companies and how they run their company, the risks they have come in contact with and opportunities they haven't taken and figure out how to use them to your advantage. always be smarter than your competition.

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