According to Porter,when Do Customers Exhibit a Powerful Force on Competition

question 49

Essay

According to Porter,when do customers exhibit a powerful force on competition in an industry?

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Definitions:

Objectives

Specific, measurable, achievable, relevant, and time-bound goals set by an organization or individual to guide actions and measure performance.

Money

A medium of exchange in the form of coins and banknotes; used to facilitate transactions for goods and services.

Paired Comparison Method

A technique used in performance appraisal where employees are evaluated by comparing them with each other in pairs.

Performance Appraisal

An ongoing process whereby an employer evaluates an employee's job performance and productivity in relation to pre-established criteria and organizational objectives.