0
A company that knows what's working and what isn't working in its industry will have an advantage over its competitors to supply its customers with what they need that they are currently not getting?
Wiki User
∙ 14y ago
The answer on the test say is it true or false?
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Who are the stakeholder in American Airlines?
Employees, Customers, Investors, Competitors, Suppliers, Industry, Media, Government Regulators, Communities.
What environmental factors affect banking industry?
competitors, customers, techniques of production, suppliers, stock market, raw materials.
What are the 5 industry environment?
Customers - eg. relative bargaining power of customers Suppliers - eg. relative bargaining power of suppliers Competitors Substitutes and degree of substitutes Ease of entry - eg. entry barriers such as government licenses required
Could a company gain a competitive advantage in its respective industry by having access to more information over its competitors?
Yes, that is a potential way to gain a competitive advantage. However, it is not only having the information, it is what that information means and/or how it is used.
What are the components of a business plan?
Actually, you need lots of detailed information about your company, your potential customers, your competitors, and the industry. There are tons of good resources on the Internet. Some are free, and some charge.
What are the components of business plan?
Actually, you need lots of detailed information about your company, your potential customers, your competitors, and the industry. There are tons of good resources on the internet. Some are free, and some charge.
Why is it important to be commercially aware?
Commercial awareness is a deeper understanding of a organization by being aware of its customers, competitors and suppliers. It's important because then you understand what the current trends in the industry is for the organization and its suppliers.
What is a company that wipes out its competitors and controls an industry?
Monopoly
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
What is an industry in which there are many competitors?
The insurance industry is one example of an industry with many competitors. Many companies are constantly vying for clients, and even sales personnel within the same company are at constant competition to hit quotas.
Who are H and M's main competitors in the fashion industry?
uniqlo
How Nike have used their business environments to gain market share on their competitors and become a leader in their industry?
= How Nike have used their business environments to gain market share on their competitors and become a leader in their industry? =
