Question 17 Threat of substitute products comes from other companies in the same
ID: 327594 • Letter: Q
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Question 17 Threat of substitute products comes from other companies in the same industry foreign companies which can use cheap labor in their countries. firms in other industries that produce products or services that satisfy the same customer need. all of these. Question 18 tracks the evolution of environmental trends, sequences of events, or streams of activities. Environmental scanning Environmental monitoring Environmental surveying Competitive intelligence Question 19 The value net is a game-theoretic approach that O extends the value chain analysis. is a way to analyze all the players in a game and analyze how their interactions affect a firm's ability to generate and appropriate value. O helps us to understand the evolution of the five forces over time. O uses network analysis to understand the relationships among different companies Question 20 Stakeholders are a new way to describe stockholders individuals, groups, and organizations who have a stake in the success of the organization. creditors who hold a lien on the assets of the organization. attorneys and their clients who sue the organization.Explanation / Answer
17 Firms from other industries that produce products or services that satisfy the same consumer need( a substitute is a product or service from other industry which serves the same necessity and gives similar benefits.. example: If a person wants to go from office to home he can go by bus or car. Bus and car are substitutes here).
18 Environmental monitoring( since environmental monitoring is the process observing, checking and supervising that the activities going on adhere to time, performance and quality standards).
19 Is a way to analyze all the players in a game and analyze how their interactions affect a firm's ability to generate and appropriate value( As value net is an approach or a model which says that players(competitors, suppliers, complementors and customers) and interactions with them can be used as an advantage to grow the business by cooperation than just splitting the business.
20 Individuals, groups, and organizations who have a stake in the success of the organization(as a stakeholder is any party(individual, group, organization)having interest in the company and can affect or be affected by the business(the effect in this scenario is a success)).
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