One potential threat in an industry is buyers’ influence. Yet unless buyers are satisfied, they are likely to look for satisfaction elsewhere. Can the fact that buyers can be threats be reconciled with the need to satisfy buyers?
Answer to relevant QuestionsGovernment policies can have a significant impact on the average profitability of firms in an industry. Government, however, is not included as a potential threat. Why should the model be expanded to include government? ...Perform an analysis of the profit potential on the following two industries:The Pharmaceutical IndustryThe pharmaceutical industry consists of firms that develop, patent, and distribute drugs. Although this industry does not ...In the text, it is suggested that Boeing did not respond to Airbus’s announcement of the development of a super-jumbo aircraft. Does it have its own competitive advantage that it does not want to abandon? Explain.Firms engage in an activity called “forward pricing” when they establish, during the early stages of the learning-curve, a price for their products that is lower than their actual costs, in anticipation of lower costs ...Implementing a product differentiation strategy seems to require just the right mix of control and creativity. How do you know if a firm has the right mix?
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