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MAC3703 Assignment 1 Second Semester 2023
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These are notes and answers to assignment 1 for MAC3703 for Second Semester 2023 Unique code
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Question 1. B- Rivalry is high1. The situation you've described aligns with Porter's Five Forces model. It involves
assessing the competitive dynamics of an industry by considering factors such as the
bargaining power of suppliers and customers, the threat of new entrants, the threat of
substitute products, and the intensity of competitive rivalry. In this case, Stellie's
consideration of entering the cardboard packaging market involves evaluating these forces
to understand the attractiveness of the industry.
Apologies for any confusion. Based on the information provided, the situation can be
analyzed using Porter's Five Forces model as follows:
1. **Threat of New Entrants:** The fact that Stellie, a plastic packaging manufacturer, is
considering moving into the cardboard packaging market indicates a potential new entrant.
However, the existing cardboard packaging manufacturers already hold a significant
aggregate market share of 82%, which might pose a barrier to new entrants.
2. **Bargaining Power of Suppliers:** Since Stellie is considering entering the cardboard
packaging market, it will need to establish relationships with suppliers of cardboard
materials. The bargaining power of suppliers would depend on the availability of multiple
suppliers, their uniqueness in supplying the required materials, and Stellie's ability to switch
between suppliers.
3. **Bargaining Power of Customers:** The customers in the cardboard packaging market
will have some degree of bargaining power. Stellie would need to consider factors such as
the size of their potential customer base, the switching costs for customers, and the
differentiation of their cardboard packaging products compared to existing options.
4. **Threat of Substitutes:** The fact that the five main cardboard packaging manufacturers
produce products of similar size and quality suggests that the threat of substitutes could be
relatively high. Stellie would need to assess how easily customers could switch to alternative
packaging solutions.
5. **Competitive Rivalry:** The existing five main cardboard packaging manufacturers with
an aggregate market share of 82% indicate a moderate to high level of competitive rivalry.
Stellie would need to evaluate the strategies and strengths of these competitors, as well as
their market shares and growth rates.
Overall, this situation involves evaluating the competitive landscape and industry dynamics
using Porter's Five Forces model to make an informed decision about entering the
cardboard packaging market.
Question 2. B- Peer Review
A network or ecosystem typically consists of various components such as organisms,
species, abiotic factors (like water and temperature), interactions, energy flow, and nutrient
cycles. These components work together to create a complex and interconnected system. Is
there a specific aspect you'd like to know more about?
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