Match Zara's Use of IT to the Competitive Force It

question 56

Short Answer

Match Zara's use of IT to the competitive force it influences.
$$\begin{array} { | l | l | } \hline \text { Threat of new entrants } & \begin{array} { l } \text { Zara has a highly collaborative proup of } \\\text { desipners, sales people, and } \\\text { maruffacturing plarners who are } \\\text { supported by a unique IT that is hard for } \\\text { any retailer to replicate. }\end{array} \\\hline \text { Threat of substitute product } & \begin{array} { l } \text { IT enables Zara to turn around new } \\\text { products, reacting within } 3 \text { weeks to } \\\text { custoner's likes and dislikes. }\end{array} \\\hline \text { Bargaining power of suppliers } & \begin{array} { l } \text { Zara cuts and dyes much of its fabric, } \\\text { making it less dependent on those that } \\\text { provide fabric. }\end{array} \\\hline\end{array}$$

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Definitions:

Ownership Rights

Legal rights to possess, use, and dispose of assets or properties.

Sell

The act of exchanging a product or service for money or other compensation.

Bailment

A legal relationship where physical possession of personal property is transferred from one party to another, with the understanding that the property will be returned.

Writing

The act or process of producing and recording words in a form that can be read and understood; typically involves the use of a pen, pencil, or keyboard.