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TWST TWST Text CW2 - R22NOV040136 - Copy - 3 - Docx
TWST TWST Text CW2 - R22NOV040136 - Copy - 3 - Docx
BM461
(CW2)
1
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Table of Contents
Introduction................................................................................................................................3
1) Market Structure................................................................................................................4
Advantages.........................................................................................................................7
Disadvantages....................................................................................................................7
Conclusions................................................................................................................................8
References..................................................................................................................................9
2
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3) Porter’s Five Forces Based on the Food Takeaway industry
Though it has great potential, the English Food Takeaway Market is still difficult to carve out
a niche. Strategies based on the global 5 forces analysis have little chance of success in the
face of a crowded market (Kapoor, 2019).
The threat of new entrants: Depending on the sort of product being discussed, the prices
might range anywhere from a very low amount to a very large amount. The cheap prices in
the food categories are a consequence of the low costs associated with the infrastructure,
while the high prices in the food categories are a result of the low costs associated with the
operations.
The threat of substitute products: It rises because of the higher quality of the products that
are being offered for sale. When there is easy access to items that are functionally
comparable, the possibility of substitution increases. The findings of this study present an
opportunity to proactively enhance the category and qualities of the product that is the focus
of this investigation. Products that are differentiated from their competitors in a number of
important ways can help mitigate this risk (Taneja, 2013).
Bargaining power of the buyer: In general, it's between moderate and high. Customers have
more leverage to negotiate lower prices because there is more choice across all categories.
Consumers shopping at brick-and-mortar stores, online marketplaces, and food aggregators
can choose from a wide variety of discounts and deals in each category. Acquiring this
knowledge allowed me to develop flexible pricing and marketing strategies. This article
analyses this force and explores the many strategic options available to deal with it.
3
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