Help me study for my Business class. I’m stuck and don’t understand.
TASK 1 (ONE Page)
The state of competition in an industry depends on five basic competitive forces. The model focuses on the factors that determine the profitability of the company within various industries. Identify ONE company in any industry and use Porter’s Five Forces to analyze the business strategies of the company in the industry chosen. You may provide your answers with mind maps or in point form.
TASK 2 (ONE Page)
Identify companies that apply Porter’s Four Generic Strategies in order to seek competitive strategies to achieve and maintain their competitive advantage. You should have four different companies represent each the strategy. You may provide your answers with mind maps or in point form.
500 words each page, total 1000 words
check the file below for the questions