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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 888 |
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This competitive advantage allows us to easily conduct internal promotions, and incur drastically reduced costs if we were to promote externally. Also, the Crystal Ballroom itself is like a community where many dancers know each other and are friends with one another, so using word of mouth would be extremely effective under this circumstance...
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Most other classes are beginner’s classes, while our product is a specific ballroom to salsa conversion workshop. This cancels out any pace differential in teaching and learning salsa and eliminates possibilities of someone feeling “left out†due to being totally new to dancing.
PORTER’S FIVE FORCES COMPETITIVE ANALYSIS
Upon analyzing Porter’s Five Forces of Competition, we see major threats from industry competitors, substitutes and threats from a lesser degree from potential entrants and buyers...
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