Assignment:
Introduction
In Chapter 10 (Froeb, L. M. (2014). Managerial economics: A problem solving approach. Australia: South-Western Cengage Learning. ISBN: 9781133951483) we discussed Porter's Five Forces Model of industry profitability. This essay question delves deeper into explaining those forces.
Activity Instructions
Using the non-strategic view of bargaining, explain how each of the five forces affects the bargaining outcomes between the firm in a particular industry and its customers and suppliers.
Pick a particular industry (perhaps the one you're in) and explain how you could try to use some of the techniques to obtain more favorable terms. What is the likelihood of success of your strategies? Are there any costs from trying your strategies (unintended consequences)?
Explain your thoughts thoroughly using concepts from the related chapters and lectures.
Please note: References are required (if used).
Writing Requirements (APA format)
• 1-2 pages (approx. 300 words per page), not including title page
• 1-inch margins
• Double spaced
• 12-point Times New Roman font
• Title page with topic and name of student