Chapter 2 Video Exercise: Organizational Strategy, Information Systems, and Competitive Advantage
As David explains to Lauren, which of the following can force a business and its competitors to compete on price?
Bargaining power of buyers
In the video, Walmart's creation of small retail stores that offer the convenience customers can't find in Walmart's larger stores is cited as an example of which of the following elements in Porter's model?
Threat of substitute products
In this video dramatization, David diagrams Michael Porter's Five Forces Model. The force at the center of this model that is affected by the other forces is the _____.
intensity of rivalry within the industry
Based on the information provided in this video, Porter's Five Forces Model is useful to analyze a business and identify its _____.
strategic position within its industry
According to David, Walmart, using its large size and volume purchases, negotiates with manufacturers and wholesalers to keep supply costs low so that Walmart can offer lower prices to its customers. This is an example of _____.
strong bargaining power of buyers
