5 porter forces Essay Example | Topics and Well Written Essays - 500 words

5 porter forces - Essay Example A company offering goods at cheaper prices tends to attract more potential clients than one whose prices are exorbitant (O’Shaughnessy, 2006, p.12). Michels Patisserie as a large industry faces rivalry from other enterprises in Australia which leads to fluctuations in the eventual gains. Competitors who try to drive the industry out of business are major rivals, and this can be achieved through bad rumours and law suits. In the long run, the competition reduces the profits and at times if healthy, causes gain in the industry. However, the firm ensures that strategies to control rivalry are maintained and that it ensures the highest levels where competition is involved by offering the best services. Differentiation of goods is common in the food industry, and this is no different in a cake firm. Substitutes provide an easy outlet to consumers of goods when prices of those that they consume go up. A large cake industry faces low gains when the price of cake goes down, and the clients opt to consume bread instead. Threats of substitutes in the markets will lead to low profits due to high prices that the customers cannot afford. The firm has however dealt with such threats by ensuring that the costs of production are low and that customers can obtain quality and cheap products. Various advertisements have been implemented to create awareness that ensures consumption of cakes even when prices are up. The income of a consumer at any point in time determines what and how much is to be bought. The purchasing power of a person is subject to income. A company should set up products and goods where people are able to get and access them. The products to be offered and the prices set should meet the ability of people to purchase. As a large cake industry based in Australia, Michels Patisserie has to ensure that the goods produced meet such abilities. The firm has ensures that the profits obtained are those projected by availing products to many consumers through branching

Love Essay Example | Topics and Well Written Essays - 250 words - 4

Love - Essay Example People don’t exist in seclusion, but co-exist and interact with one another. This is the social nature of people and they tend to have profound feelings of affection towards others; majorly family members and friends. People in a relationship cherish and care for one another dearly. This is evident in close love relationships like sexual love and family ties. The former is associated with deep intimacy and a pleasant feeling of sexual attraction coupled with joy while later is manifested in very close family fondness cemented by blood ties. In the physical sphere, one can be in love with or have a deep liking of the physical things in the environment; they could be money, mountains, food, pets or cars. People have a great craving for whatever they cherish and like, and so they can never be happy in their absence. For instance, some people cannot do without pets due to their emotional attachment to them. Finally, religious people have a great sense of liking of their deity. S uch people are obsessed with their deities and they worship and show great reverence to them. They truly value and care for them to the extent that some can endanger their lives for their sake. This affection is deeply rooted and can be evidenced by people’s religious commitments. The definition of love is a complex subject matter that cannot be exhausted in these few paragraphs but the paper has briefly presented the social, religious and physical manifests of love. Irrespective of the category, love is a deep psychological feeling of affection towards somebody, something or a deity. It comes about with strong and profound psychological bonds that are not easy to