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I dont knwo :)
Scarcity forces us to make choices because every individual have unlimited wants to satisfy. And no one can have everything that they desire, as supplies and resources are limited.
Micro means a small part . Microeconomec thus denete the study of small individual . Microecomomic can be divided into three major types they are as fallow: 1. Simpke Micro statics:- Simple micro stastic analysis studies a set of micro-economic variable and their relation when they are in equilibrium at a given point of a time. It does not explain how the equilibrium has been brought . Equilibrium position is attained when demand and supply forces to equal to each other but simple micro stastics can be
Economic ForcesMarket ForcesTechnology Forces
five porters forces model with specific reference to south Africa banking between 2010 and 2014
Because the models are not limited to the analysis.
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limitation of porters
Porter's 5 Forces of Competition apply to any Competitive Business/Industry, including but not limited to the retail industry. - Threat of a New Competitor - Threat of a substitute (rival) product/service - Buying Power (bargaining power of buyers) - Supplier Reliance (supplier bargaining power) - Intensity of Rivalry - they say competition brings out the best in us. For a detailed explanation of Porter's 5 Forces and free Templates to use for analysis check out the site BusinessBalls.
Porter five forces analysis is a diagnostic examination for computer systems that configures a boot check of the electric impulses, or forces or the system.
advantage of model analysis
how to calculate forces on coulmn of horizontal milling machine?
The five porters include the following ; intense rivalry of the existing firm, threats of substitutes, threats of the buyers, threat of the suppliers, threats of the new entrant
1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
I dont knwo :)
Porter's five forces model is important in strategic management because it shows you the positive outcome of advancing in your career. It also helps you understand the outcome of the competitive position you are currently in.