Business Strategy - End of Chapter Problem Clayton is considering opening a security company in...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Business Strategy - End of Chapter Problem Clayton is considering opening a security company in his town that will provide body guards and security officers for both individuals and businesses. Based on his research, Clayton identifies five potential competitive threats. Identify which of the five forces is associated with each potential threat. Threat of Seller bargaining power Existing competition Threat of substitutes Buyer bargaining power new entry Answer Bank Clayton estimates that he will make a positive economic profit in his first year of business. The majority of Clayton's employees are off-duty police officers who belong to a labor union. There is one large business in town that Clayton estimates could account for 80% of his potential revenue. Many companies are replacing security officers with high-tech camera monitoring systems. A national security franchise has a well-established firm in his town that already serves most small businesses
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
