Porters Five forces
Which Porters five force analysis deals with new firms entering the industry whether it is easy or difficult
threat of new entrants
How many parts to the model are there and name the two parts
primary activities and support activities
List two factors that affect the micro environment
company supplier
competitors
List two political factors in regards to forces in macro environment application of pestle framework
1. Government stability
2. Taxation policies
Which force deals with making products to satisfy customer needs
Threat of substitute products
Name the four parts of the supporting activities
1. Firm infrastrucre, 2. Human resource maangement, 3. technology department, 4. procurement
What is micro environment
the factors within its immediate environment that takes an impact on its performance, decision making process and ability to serve its customers
List two social factors in regard to forces in the macro environment applications of pestle framework
1. Population size and age distribution
2. Lifetyle trends