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Conduct porter competitive strategies analysis

Assignment Help Basic Computer Science
Reference no: EM133295293

Questions

1. Who will be the key competitors in Staunton, VA for this store? (you will need to isolate the NAIC numbers for this step).

2. What will be your expected profit margin for this business? How did you determine this number? It the expected profit margin higher or lower compared to Food Lion or Kroger? Why or why not?

3. What are the expected costs for such a business, given that this should be a 30-50 employee organization? Who did you compare this business to in order to get the projected costs?

4. Is the grocery business a stable industry? How does that compare to a specialty foods business?

5. Conduct Porter's five forces analysis. Provide an assessment of each of the forces.

6. Conduct Porter's Competitive strategies analysis. What will be the approach to competing in this industry? Provide support for the decision.

7. Will this be a viable business in Staunton, VA? Why or why not?

8. Will you pursue this business venture? Why or why not. Be specific with your answer, as with all the answers.

Reference no: EM133295293

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