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Many companies who discover a new product or service that provides a different experience but services a customer need to seek patents to ensure they are the only company that can create or provide it.
#THREAT OF NEW ENTRANTS PERSONAL COMPUTER INDUSTRY FULL#
The outline should be in bullet point format and should be written in full sentences.
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(in the name of your health education program). To develop a goal, use the template below and fill in the blanks and create a sentence: To develop a goal, use the template below and fill in the blanks and create a sentence: (included in attachment)īe sure to support your analysis and conclusions with citations and references in APA format from the Learning Resources and your own research. Please use the following templates to develop your goals and objectives. Your Needs Statement, Goals and Objectives. I’m working on a Writing exercise and need support. Writing Goals and Objectives for Your Grant. Five forces analysis (Porter’s Model) Writing Goals and Objectives for Your Grant Despite being new to the market, Mercedes is still moving towards being a luxury option for people within the electric vehicle market. This electric sedan is new and still a luxury vehicle, that many will look to own themselves. This makes it easy for customers to be lost to competitors, rather than going to Tesla that may be priced higher.Īn example for this would be Mercedes Benz offering the Mercedes-EQ.
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Along with that, competitors offer hybrids and other electric vehicles that have options to fit all customers. This makes it easy for people to choose what they want and decide what is best for them. It doesn’t cost much to switch from one type of brand to another based on the prices of vehicles, and public transportation is low as well. This is because of the alternatives that are offered by competitors and with the public transportation that is offered as well. In this area, the threat of substitutes are moderate. With that being said, Lucid Motor Company has made itself a threat in this market with Tesla. The Lucid Air is the motor companies first car and it has already won this award. This company created a car called the Lucid Air, which is an electric car based in California that has been named MotorTrends 2022 car of the year. New entrants would have to try and move passed this barrier and would struggle to do so with the upfront costs that come along with it.Īn example of a new entrant into the electric car market would be Lucid Motor Company. Brands that are already established like Tesla or Mercedes benefit from what they economy has likes about them. Creating something that people like and would be willing to move towards is a difficult thing to do. Along with that, establishing your brand in this market would take a long time. This doesn’t come easy or cheap, so being able to do this takes time and money to complete properly. The barriers that are involved with this are the research, development, and design of a car. The threat of new entrants in the industry with Tesla are low due to the barriers that are in place and the amount of competitors that already exist within the market.