External forces are factors outside the organization that are beyond a company’s control. These factors impact each business…
What are five generic business strategies for achieving a profitable business? The five generic business strategies are differentiation,…
Social Factors Cultural Factors Political Factors Environmental Factors Psychological Factors What are the 3 segments of the fashion…
Some examples of strengths include: Strong employee attitudes. Excellent customer service. Large market share. How do you write…
Emirates is costly because it has better assistance, the best in-flight services with many motion pictures, great food,…
There are 4 main types of barriers to entry – legal (patents/licenses), technical (high start-up costs/monopoly/technical knowledge), strategic…
Founded by Jeff Bezos in 1994, Amazon started as an online bookstore that later diversified to selling everything…
The threat of new entrants is medium to low. Threat of substitute products: While companies could copy Argento’s…
Porter’s five forces help to identify where power lies in a business situation. This is useful both in…
Porter’s Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and…