wal-mart Flashcards
1
Q
strategies
A
low cost
differentiation
focus
2
Q
porters five forces
A
threat of entrants rivalry among comps power of suppliers power of buyers threat of substitutes (government, complementary products)
3
Q
industry rivalry is high when:
A
- lots of firms
- similar size and market share
- slow growing market
- low product diff
- high exit barriers
4
Q
threat of entrants high when:
A
- low entry costs
- increasing demand
- no legal barriers
- established firms don’t react strongly
5
Q
threat of subs high when:
A
- low switching costs
- high differentiation in products
6
Q
bargaining power of suppliers high when
A
- few suppliers and many buyers
- supplier doesn’t rely on buyer for revenue
- suppliers offer differentiated products
- buyers face high switching costs
7
Q
bargaining power of buyers high when:
A
- few buyers and many suppliers
- suppliers depend on buyers
- suppliers sell similar products
- buyers face few switching costs
8
Q
wal-mart’s competitive advantage
A
- bargaining power over suppliers
- supply chain management
- leadership
- store location in rural areas
- reputation
- union control
9
Q
PESTLE
A
- political
- economic
- socio-cultural
- technological
- legal
- ecological
