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just neeed answer! no explanation 1. Industry members tend to have greater power in bargaining with key suppliers when it makes good economic sense for
just neeed answer! no explanation
1. Industry members tend to have greater power in bargaining with key suppliers when it makes good economic sense for industry members to integrate backward and self-manufacture items they have been buying from suppliers. industry members are not major customers of suppliers. suppliers are not dependent on industry members for a large portion of their revenues. suppliers provide an item that accounts for a small fraction of the costs of the industry's product. certain needed inputs are in short supply. 2. An industry's key success factors concern those strategy elements and operating practices that every company needs to employ in order to grow its business, be attractively profitable, and achieve a sustainable competitive advantage. are a function of such considerations as the number of different strategic groups, the speed of product innovation, the emphasis competitors place on advertising, and those strategy elements that are most likely to produce a sustainable competitive advantage. vary from industry to industry based on whether competitive pressures are weak, moderate, strong, or fierce and whether industry driving forces are powerful or relatively weak. are those strategy elements being employed by companies with the biggest market shares and/or highest levels of profitability. are the strategy elements, product attributes, important resources and competitive capabilities, and market achievements with the greatest impact on future competitive success in the marketplace. 3. A strategic group consists of those industry members that are growing at about the same rate, have similar product line breadth, and charge the same prices. is a cluster of rival firms employing comparable approaches to product differentiation. is a cluster of industry rivals that employ similar competitive approaches, have product offerings that appeal to similar types of buyers, and thus occupy similar market positions. includes all rival firms using the same basic production technology and having comparable manufacturing and assembly capacityStep by Step Solution
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