Evaluating a firm's external environment - a model of enviromental threats
6 important questions on Evaluating a firm's external environment - a model of enviromental threats
What is an enviromental threat?
What are the 5 most common environmental threats?
- Threat of supplier leverage
- threat from superior or lower cost substitute products
- threat from competition among existing companies
- threat from new competition
- threat from buyer's influence
What are monopolistic industries?
- Only a single firm
- entry is very costly
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What are the economics of scale?
What is the threat of supplier leverage?
What is forward vertical integration?
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