Explain the forces that shape competition in an industry. 2. Select an industry example to illustrate each force. assume any industry of your own choice
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- Identify any one industry problem, then produce a concept that provides a solution to that industry. Any industry may be used, and the solution should take into account client needs, wants, and demand, as well as demographics.5. Direct-to-consumer businesses have had mixed success. That is, while the model has succeeded in some categories, it has not worked in others. Can you identify reasons why? Which product categories may be more suited for direct-to-consumer business model?Compare and contrast the concepts of market orientation and materialsorientation. Give two examples each (not from the slides) of a firm or goodtype which fits that orientation. Be sure to include the reason(s) for the example to fit in the orientation category.
- 1. Discuss the key success factors in mature and declining industries. 2. With the help of a diagram, explain the industry life cycle. 3The success or failure of organisations is closely linked to the extent to which they understand customer needs and commitment in the various industry segments. With reference to the above statement, advise an organisation on factors to consider when segmenting customers. 4 .With reference to the industry rivalry of Porter’s forces model, explain the most common forms of competition with relevant examples:Choose an industry or sector which is becoming more and more competitive among FMCG retail OR Fashion. Assess their business strategies in terms of the generic strategies of cost leadership, differentiation and focus they are maintaining? How might the principles of hyper- competitive strategies apply to these industries or sector? Explain how, when and in what ways, interactive and cooperative strategies, rather than direct competition, might make sense to them.1- Describe the different stages of industry development. 2- What is competitive advantage? How can a company build its competitive advantage?
- identify 2 internal and 2 external factors that could affect the firm’s ability to strategically compete in its market of coles super market..The industry environment plays a critical role in the profitability of a company. Hence, companies are to critically examine an industry towards ascertaining how its strategies success could be influenced by the industry factors. With the aid of a diagram, conduct an industry analysis of the carbonated drink industry assuming you are the business strategist working for NESTLE Milo Ghana Limited.Business and Industry Profile. This section provides an overview of the industry andmarket segment.Market size and growth trendsSignificant industry trendsStrength of major companies in the marketCompetitor’s market share.Competitors’ products and strategies
- answer in short Outline the risks faced by agricultural producers and the methods of managing these risks. 1. Which of the following methods does not help reduce production risks? a. buy disease-resistant seed varieties b. select stable enterprises c. Invest in excess machinery capacity d. sell crops to a farmers market e. diversify crops and/or business 2. Which of the following methods does not help reduce marketing risks? prepare a marketing plan Stockpile production inputs know your competitors recognize comparative marketing advantage integrate vertically to ensure a market or form marketing alliance 3. Which of the following method does not help reduce risk in financial decisions? expand markets for your production develop a realistic financial plan improve the record-keeping system to increase credit availability invest in fewer risky enterprises Use fixed-interest rate loansWhat are the two main sources of competitive advantage that a company might want to pursue (according to Grant 2016)? Select one: a. Cost advantage and differentiation advantage b. Low cost and high cost C. Sales volume advantage and added value d. Broad market advantage and narrow market advantagewrite an Industry Analysis for a business plan about a burger shop (selfwoner) Industry Analysis should include: 1- future outlook and trends 2- analysis of competitors 3- market segmentation 4- industry and market forecasts
