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<h1 id="hTitle" title="Let’s say you work for McDonald’s and you applied Porter’s Five-Forces Model to study the fast-food..."><span title="Question" class="ico"></span>Let’s say you work for McDonald’s and you applied Porter’s
Five-Forces Model to study the...<a href="/questions/let-s-say-you-work-for-mcdonald-s-and-you-applied-porter-s-five-forces-model-to-stud-5541113.htm#answer" id="hypAnswerCount" class="ansnumber" data-gaq="true" data-label="5350-6245-6265-0-dom_1-b_0-default_null" data-category="QP-Comment" data-action="QS_PPsnavigate_5541113_1" data-nonintraction="1">
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<div id="divDescription" class="discription">Let’s say you work for McDonald’s and you applied Porter’s Five-Forces Model to study the fast-food industry. Would information in your analysis provide factors more readily to an EFE
Matrix, a CPM, or to neither matrix? Justify your answer.<div id="slidingDiv"></div>
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<span id="QuestionCommentList1_rptQuestionComment_spnAuthorName_0"> neethumol e </span><time id="QuestionCommentList1_rptQuestionComment_timeAnsweredOn_0" datetime="2021-01-17">answered on <b>
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<span id="ltAnswer">Either matrix can be used successfully to study the fast-food industry. All five forcerexhibited in Porter's model strongly impact competitiveness and rivalry in the fast-foodindustry. For
example, it is easy for small, rival firms to enter the market, and there arecountless substitute products and suppliers. In an EFEM, the key external factors are groupedinto opportunities and threats, whereas
the...</span>
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Justify your answer. 1 APPROVED ANSWER neethumol e answered on January 17, 2021 4 Ratings (5 Votes) Either matrix can be used successfully to study the fast-food industry. All five forcerexhibited in Porter's model strongly impact competitiveness and rivalry in the fast-foodindustry. For example, it is easy for small, rival firms to enter the market, and there arecountless substitute products and suppliers. In an EFEM, the key external factors are groupedinto opportunities and threats, whereas the... solution.pdf DO YOU NEED AN ANSWER TO A QUESTION DIFFERENT FROM THE ABOVE? ASK YOUR QUESTION! Help us make our solutions better (Rate this solution on a scale of 1-5 below) We want to correct this solution. Tell us more (Hide this section if you want to rate later) Was the final answer of the question wrong? Were the solution steps not detailed enough? Was the language and grammar an issue? Does the question reference wrong data/report or numbers? Thank You We appreciate your Feedback Stay Solved :) This message will auto close in 5 seconds DIDN'T FIND YOURS? Ask a new question Get plagiarism-free solution within 48 hours Review Please Next Previous RELATED QUESTIONS Q: LET' SAY YOU WORK FOR MCDONALD'S AND YOU APPLIED PORTER FIVE FORCES MODEL TO STUDY THE FAST FOOD... Either matrix may be used to research the fast-food sector successfully. All five forces depicted in Porter's model have a significant influence on competition and... Posted one year ago * Q: DO A FIVE FORCES ANALYSIS OF THE COMPETITION IN THE FAST FOOD INDUSTRY. DISCUSS AND EVALUATE THE RELATIVE STRENGTHS OF EACH OF THE FIVE COMPETITIVE FORCES (STRONG, MODERATE, OR WEAK).. EXPLAIN YOUR REASONING FOR EACH FORCE. DO YOU THINK THAT THE... Posted 2 years ago * Q: 1) AS VALUE OF THE DOLLAR RISES, U.S. FIRMS DOING BUSINESS ABROAD SEE THEIR PROFITS FALL, SO SOME FIRMS RAISE PRICES OF THEIR PRODUCTS TO OFFSET THE DECREASE IN PROFITS. 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