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Innovation and Entrepreneurship- THE REAL TRIAL BUSINESS

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Added on  2019-10-31

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INTERNATIONAL Threats of the New Entrants (High) The threat of Substitutes (High) The threat of Buyer Power (High) The threat of the Supplier Power (Weak) Existing Rivalry (High) Based on the nature and type of The Real Trial business it very easy for other companies to enter this industry. Therefore, the threat of the buyer power is high for The Real Trial Business In the event where there is a high concentration of the suppliers their power becomes less impactful (Martin

Innovation and Entrepreneurship- THE REAL TRIAL BUSINESS

   Added on 2019-10-31

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Running head: INNOVATION AND ENTREPRENEURSHIP- THE REAL TRIAL BUSINESS1Innovation and Entrepreneurship- The Real Trial BusinessNameInstitution Affiliation
Innovation and Entrepreneurship- THE REAL TRIAL BUSINESS_1
INNOVATION AND ENTREPRENEURSHIP- THE REAL TRIAL BUSINESS2Porters Five ForcesThreats of the NewEntrants(High)The threat ofSubstitutes(High)The threat ofBuyer Power(High)The threat of theSupplier Power(Weak)Existing Rivalry(High)Based on thenature and typeof The RealTrial business itvery easy forothercompanies toenter thisindustry. This is highlysupported bythe weakbarriers such aslow investmentcapital and lackmonopolypower.Besides, this isa lucrativebusinessprovided that ithas highreturns,depends on thelatesttechnology andThe closeservicesoffered bythe othercompanieswill limit therevenuerealized byThe RealTrialBusiness. This isbecausecustomersmay find itcheaper toconsumeother closerelatedproductsoffered bythe otherbusinesses inthe industry. Putting intoconsiderationIdeally,customersofferthreats tothecompanyproducts ifthere othercompaniesin theindustryprovidingsimilarproductsorservices[ CITATIONJar13 \l1033 ]. Thisbecause abuyer caneasilyswitch toothercheap orIn the eventwhere thereis a highconcentrationof thesupplierstheir powerbecomes lessimpactful[ CITATIONMar153 \l1033 ].However,where thereis a lowsupplierconcentrationtheir powertend to behigh. ForThe RealTrialBusinessthere aremanysuppliers ofNo businessthat operates inthe vacuumplace but in theenvironmentthat is full ofcompetition. Likewise, TheReal TrialBusiness facescompetitionfrom othercompanies inthe marketoffering e-commerceactivities.
Innovation and Entrepreneurship- THE REAL TRIAL BUSINESS_2

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