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explain porters five forces and how they encourage or discourage a business to join a market?

Porters five forces determines how competitive an industry is and therefore how attractive an opportunity it is for a business to set up in the industry.The five forces include:barriers to entry- factors ...

Answered by Lily R. • Business Studies tutor

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Explain why the economy always returns to Yf in the new classical model.

Graph to accompany answer
The economy is initially in equilibrium where LRAS = AD = SRAS. Real output is Yf and the average price level is P. If there is a decrease in government spending i...

Answered by Tolu A. • Economics tutor

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what is a stakeholder?

a stakeholder is a person, group or organisation that has a vested interest in the organisation because they are affected by the businesses actions and objectives. There are seven different types of stake...

Answered by Lily R. • Business Studies tutor

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The equation of the line L1 is y = 3x – 2 The equation of the line L2 is 3y – 9x + 5 = 0 Show that these two lines are parallel

L1 -> y = 3x – 2L2 -> 3y – 9x + 5 = 0
L2 3y = 9x − 5 L1 3y = 9x -6
Gradient is the same therefore lines are parallel.

Answered by Mark S. • Maths tutor

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Using theories and/or studies, evaluate how the retrieval of memory can be affected by misleading information on eyewitness testimony

Misleading eyewitness information can be affected by proactive interference (knowledge and expectations from before the event interfere with memory retrieval), or retroactive interference (post-event info...

Answered by Rubie B. • Psychology tutor

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