Competitive environment Key Terms

financial decision-making

financial decision-making is a Business concept used to analyse Apply Porter's five forces to analyse competitive pressure and profit potential.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

Porter's five forces

Porter's five forces should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

Porter

Porter affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

five forces

five forces has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

financial decision-making decision

financial decision-making decision becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.

business change

business change is a Business concept used to analyse Explain how entry threat, buyer power, supplier power, rivalry and substitute threat can change and shape competitive strategy.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

Porter's five forces

Porter's five forces should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

buyer power

buyer power affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

rivalry

rivalry has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

business change decision

business change decision becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.