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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2300 |
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We need maintain the edge here and ensure that whilst the price of the goods or services may be the same from either distributor, they choose Space Airconditioning because of the additional value added benefits. If our business is more streamlined and efficient than that of our nearest competitor and if we adopt the latest technologies to ensure it remains so, we can reduce the power of buyer...
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If our business is more streamlined and efficient than that of our nearest competitor and if we adopt the latest technologies to ensure it remains so, we can reduce the power of buyer. “the efficiency of management and production systems in large and small companies can be greatly enhanced by exploiting new technologies†(BPP, 1998:134)
Porter argues that the stronger the power of a supplier in an industry means it is more difficult for firms within that sector to make a profit because they can determine the terms and conditions on which business is conducted...
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