Saturday, February 13, 2016

Week 6 Reading Reflection

1. The most surprising thing in this article was they way in which competition plays an effect in the world of business. Generally, when most people think of competition, they just think about new competitive industries, however, other factors such as suppliers and consumers are major things to consider within a business plan.

2. A confusing part to me was how companies merge but can still lose profit. With a company becoming bigger, I would think the company would be larger and appeal to more customers, thus causing them to gain profit.

3. What made you think of these five different factors to break this model down into? Are some forces more powerful than others, or are all forces considered equal?

4. I really enjoyed this article and did not disagree with anything. I think the article was very convincing and made a lot of sense.

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