unit 4a

HideShow resource information
What is Supplier Power in Porter's Five Forces?
Suppliers want highest price, power determined by uniqueness of materials, substitutes, demand for materials.
1 of 7
What is Differentiation Leadership in Porter's Strategic Mix?
Target larger market, advantage across whole industry. Premium price due to added value and high production costs.
2 of 7
What does the usefulness of Ansoff's Matrix depend on?
Business objectives, resources available, market conditions, legal factors.
3 of 7
What is Product Development in Ansoff's Matrix?
New product in an existing market. Product innovation, insight to customer needs.
4 of 7
What are the advantages of SWOT analysis?
Develop goals and strategies to achieve them, better understanding of the business, take action on S,W,O,T's.
5 of 7
What are the advantages of Contribution?
Simple to calculate, helps decide prices, give better quality decisions.
6 of 7
What may result from accepting a Special Order Decision?
Others may expect the same price, customer relationships may suffer, working harder so motivation may drop and affect quality, no flexibility as working at full capacity.
7 of 7

Other cards in this set

Card 2

Front

What is Differentiation Leadership in Porter's Strategic Mix?

Back

Target larger market, advantage across whole industry. Premium price due to added value and high production costs.

Card 3

Front

What does the usefulness of Ansoff's Matrix depend on?

Back

Preview of the front of card 3

Card 4

Front

What is Product Development in Ansoff's Matrix?

Back

Preview of the front of card 4

Card 5

Front

What are the advantages of SWOT analysis?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Economic growth resources »