Porters Five of ASDA Essay Example | Topics and Well Written Essays - 500 words

Porters Five of ASDA - Essay Example Nevertheless Porter claims that competitive rivalry is one of the most important issues, which should be considered by the businesses. In the face of the threat of new entrants, every company is subjected to the external risks. There is a need for huge financial investments to develop a successful chain store. There are many challenges in retail market and a new entrant demands something more, radically new which will attract the customers. Key retailers depend on their brand names and are highly concerned about their reputation. Very often retailers depend on the market shares and it is appropriate for them to decide whether they use appropriate measures or not. Morever, retailers are concerned about possible methods, such as litigation, for example. It is very important to compensate market share knowledge and very often foreign investors are a certain barrier to new entrants. It is impossible to substitute food and clothes. Therefore, the threat of substitutes is relatively low. It should be mentioned that the main threat should be expected from the main brand names of chain stores, Sainsbury, Tesco and Morrison. These chain stores provide less affordable alternatives and the threat of substitutes is relatively high. Tesco is the main rival to the company and Asda demands lower prices and intensifies price war. Asda demands lower prices and creates a certain trap for the suppliers thus triggering price war. The challenges of price competitors make suppliers decrease prices. Asda reduces prices and it attracts customers by affordable prices. More than 3000 products are very intriguing and appealing in the modern market. It is relevant of this chain stores to implement strategies of online advertising, products promotion, emails and letters. There are many customers which can communicate online with respect to some products.

Bus law Essay Example | Topics and Well Written Essays - 250 words

Bus law - Essay Example Frank can only have an enforceable security interest if three conditions are fulfilled: the written agreement includes the value of the car that has been given as collateral, Eddie has rights over the car or has the ability to have rights over that car and also Eddie must have authenticated the security agreement with a description of the car or Frank is in control of the car. If the above three conditions have been included in the agreement, then Frank can say that he has security interests and this is enforceable by law, if not, then he has no security interests and just have to depend on Eddie to pay back the loan as per their agreement. If Frank has an enforceable security interest under the Uniform Commercial Code (UCC) article 9, then he can be granted perfection of the security agreement. This means that he can file a notice in the public office. This notice is for other creditors to be notified of the security interest Frank has in that car. In order for this notice to be enforceable, Frank has to provide Eddie’s name, description of the car and his name or the name of his representatives (if he has security interests already). This notice (also called a financial statement) is valid for a period of five years from the time it is filed, but that period can be extended (Sepinuck