assignment for hifsa shaukat | Human Resource Management homework help

so the assignment basically is talking about the” buyer power” which is one of the forces of porter’s 5 forces model. I want you to write a page and a half or two pages on the “buyer power” in the industry of a company called “Big Lots” . so your analysing the industry exaplaining the role of the “buyer power” in the industry. If your not familiar with porter’s 5 forces model then tell me. and please no overview or long introduction.

 

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YOU SHOULD CONSIDER THESE WHEN WRITING 

Buyer power Can be stronger if…

 

Buyer switching costs to competing brands or

substitutes are low

 

Buyers are large and can demand concessions

 

Large-volume purchases by buyers are important to sellers

 

Buyer demand is weak or declining

 

Only a few buyers exists

 

Identity of buyer adds prestige

to seller’s list of customers

 

Quantity and quality of information

available to buyers improves

 

Buyers have ability to postpone purchases until later

 

Buyers threaten to integrate backward

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