A business model that describes the full range of activities needed to create a product/service

have a direct impact on the company's profitability

A model for industry analysis

a limit on imports

good whose demand decreases when consumer income rises e.g. a supermarket's own coffee brand or a day out at theme park

An analysis of a company's macroenvironmental factors

Design a good product - determine the costs of the product and thereby set price based on cost. This means the company has to convince buyers of product's value.

The impact that customers have on a producing company

In an industrializing economy, manufacturing accounts for 10–20 per cent of the country’s economy.

goods which are used together e.g. koldskål and kammerjunker

Procurement, technology development, human resource management, firm infrastructure

A pricing method that makes use of competitors' prices for the same or similar product as basis in setting a price

Supplier power, Threat of new entrants, threat of substitutes, buyer power, degree of rivalry

International: More than one country
Global: the entire world

A good where an increase in price encourages people to buy more

Inbound logistics, operations, outbound logistics, marketing and sales, service

Offering just the right combination of quality and good service at a fair price

Measure of industry rivalry, that shows the market share of x amount of the largets firms

In industrialised nations, you find a mix of:
Low-income households
Middle-income households
High-income households

Goods where people may underestimate benefits of e.g. smoking, drugs

Looking for ways to create as well as add more value to the company

Setting a price based on buyers' perceptions of value rather than on the seller's cost

The factor that Schumpeter and Porter views as the dynamism of the market

Entering new markets
Reducing manufacturing costs
Developing & defusing technology

A good with no opportunity cost