Hi i need to hand in this essay can u help me to rephrase this essay to avoid pl

Question

Hi i need to hand in this essay can u help me to rephrase this essay to avoid plagiarism minimum 400-500words

International competitive strategy Competitive strategy of Mr bean is overall cost leadership the idea of everyday low prices is to offer products at a cheaper rate than competitors on a consistent basis, rather than relying on sales mr bean able to keep prices low through a division of labour that allows it to hire and train inexperienced employees rather than trained cooks. It also relies on few managers who typically earn higher wages. These staff savings allow the company to offer its foods for bargain prices. There are a lot of competitor in hong kong this help mr bean to bring the business above average return even in a niche. Its will help mr bean increase its market share and maximize the profits also It will attract large portion of potential customers find paying low prices for goods and services of acceptable quality to be very appealing. Mr bean will have more capital resources available to fund growth or further investments. Mr bean basic operating costs are low, can put more money into research and development, technology upgrades and other business expansion. Competitive Rivalry or Competition with Mr bean (Strong Force) The soya bean industry has many firms of various sizes, such as global chains, traditional soya bean and innovative. Also, most medium and large firms aggressively market their products. In addition, Mr Bean’s customers may experience low switching costs, which means that they can easily transfer to other restaurants, such as Wendy’s. 2Bargaining Power of Mr beans Suppliers (Weak Force) Mr Bean lack of regional or global alliances among suppliers. In relation, most of Mr Bean’s suppliers are not vertically integrated. This means that they do not control the distribution network linked to Mr Bean facilities. Also, the relative abundance of materials like flour and soybean reduces suppliers’ influence on McDonald’s. 3) Bargaining Power of Mr bean’s Customers/Buyers (Strong Force) Because of the ease of changing from one restaurant to another (low switching costs), customers can easily impose their demands on Mr bean. In relation, because of market saturation, consumers can choose from many soya bean outlet other than Mr bean . Also, there are many substitutes to firms like Mr bean ’s. These substitutes include food outlets, artisanal bakeries, as well as foods that one could cook at home. 4Threat of Substitutes or Substitution (Strong Force) There are many substitutes to Mr beans products, such as products from artisanal food producers and local bakeries. Consumers can also cook their food at home. It is also easy to shift from Mr beans’s to these substitutes (low switching costs). In addition, these substitutes are competitive in terms of quality and consumer satisfaction 5Threat of New Entrants or New Entry (Moderate Force) New entrants can impact Mr bean market share Because of the low switching costs, consumers can easily move from mr bean toward new fast food soyabean outlet . Also, the moderate capital costs of establishing a new restaurant makes it moderately easy for small or medium-sized firms to affect mr bean

Explanation / Answer

The competitive strategy of Mr bean is overall cost leadership. The idea of everyday low prices is to offer products at a cheaper rate than competitors on a consistent basis. Mr Bean hires inexperienced staff and trains them instead of hiring trained cooks or focussing on sales to reduce cost. There are also few high wages managers. This strategy in having such type staff helps the company to offer its food to the customers at fairly low prices. There is a lot of competition in hong kong that helps mr bean to bring the business above average return even in a niche market. This will help mr bean increase its market share and maximize the profits also It will attract large portion of potential customers who find paying low prices for goods and good quality services to be very appealing. Mr bean will have more capital resources available to fund growth or further investments. Mr bean basic operating costs are low, and hence he can focus and can put more money into research and development to upgrade its technology and also focus on other business expansion.

Competitive Rivalry or Competition with Mr bean (Strong Force)

The soya bean industry has many firms of various sizes, such as global chains, traditional soya bean and innovative. Also, most medium and large firms aggressively market their products. In addition, Mr Bean’s customers may experience low switching costs, which means that they can easily transfer to other restaurants, such as Wendy’s. 2Bargaining Power of Mr beans Suppliers (Weak Force) Mr Bean lack of regional or global alliances among suppliers. In relation, most of Mr Bean’s suppliers are not vertically integrated. This means that they do not control the distribution network linked to Mr Bean facilities. Also, the relative abundance of materials like flour and soybean reduces suppliers’ influence on McDonald’s. 3) Bargaining Power of Mr bean’s Customers/Buyers (Strong Force) Because of the ease of changing from one restaurant to another (low switching costs), customers can easily impose their demands on Mr bean. In relation, because of market saturation, consumers can choose from many soya bean outlet other than Mr bean . Also, there are many substitutes to firms like Mr bean ’s. like artisanal bakeries, food outlets, as well as home cooked food. 4Threat of Substitutes or Substitution (Strong Force) There are many substitutes to Mr beans products, such as products from artisanal food producers and local bakeries. In addition, these substitutes are competitive in terms of quality and consumer satisfaction 5Threat of New Entrants or New Entry (Moderate Force) New entrants can impact Mr bean market share Because of the low switching costs, consumers can easily move from mr bean toward new fast food soyabean outlet . Also, the moderate capital costs of establishing a new restaurant makes it moderately easy for small or medium-sized firms to affect mr bean

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.