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Explain the Meaning and Significance of Each of the Following

question 127

Essay

Explain the meaning and significance of each of the following:
a.)bargaining power of suppliers
b.)driving forces
c.)strategic group mapping
d.)key success factors


Definitions:

Loans

A sum of money that is borrowed and is expected to be paid back with interest.

Franchising

Contractual business arrangement between a manufacturer or other supplier, and a dealer such as a restaurant operator or retailer.

Recognizable Company Name

A business name easily identified or recalled by the public due to its distinctiveness or familiarity.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for improving the performance of a job.

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