- Porter Casino Meaning
- Casino Porter Definition Synonym
- Casino Porter Definition Synonyms
- Casino Porter Definition Francais
- Casino Porter Definition Dictionary
Porter (1980) indicated that the most important determinant of a marketplace's profit potential is the intrinsic power of the buyers and the sellers. Threat of Substitute Goods In the Tourism, Leisure and Hospitality industry there is usually higher chances to start a new business and progress successfully. INTENSITY OF COMPETITION IN THE CASINO INDUSTRY Rivalry among existing firms: A. Define the casino gambling industry. There are 150 casino facilities in this high interest industry that made 26 billion of profit in 2002 and growth was expected to be 5% in 2003.
This cashier job description sample can help you create a job ad that will attract qualified candidates for your opening. Revise this job description with your specific duties and job requirements. If you need help in crafting your duties and requirements look at examples in our cashier job listings.
Cashier
[Intro Paragraph] We strongly recommend starting your cashier job description with a marketing summary of your company and your business. You want potential job applicants to be excited about the prospect of working for you. Also, tell the job seeker what you have to offer new employees that make you stand apart from other companies.
Dovetail definition is - something resembling a dove's tail; especially: a flaring tenon and a mortise into which it fits tightly making an interlocking joint between two pieces (as of wood). A Building Porter's Job Description. More commonly known as janitors, building porters clean and maintain structures such as offices, schools and apartment blocks. Much of their work is indoors. However, they also have outdoor responsibilities, such as shoveling snow or sweeping walkways. Part-time work is common.
Cashier Job Responsibilities:
- Provides a positive customer experience with fair, friendly, and courteous service.
- Registers sales on a cash register by scanning items, itemizing and totaling customers' purchases.
- Resolves customer issues and answers questions.
- Bags purchases if needed.
- Processes return transactions.
- Itemizes and totals purchases by recording prices, departments, taxable and nontaxable items; and operating a cash register.
- Enters price changes by referring to price sheets and special sale bulletins.
- Discounts purchases by redeeming coupons.
- Collects payments by accepting cash, check, or charge payments from customers and makes change for cash customers.
- Verifies credit acceptance by reviewing and recording driver's license number; and operating credit card authorization systems.
- Balances cash drawer by counting cash at beginning and end of work shift.
- Provides pricing information by answering questions.
- Maintains checkout operations by following policies and procedures and reporting needed changes.
- Maintains a safe and clean working environment by complying with procedures, rules, and regulations.
- Contributes to team effort by accomplishing related results as needed.
[Work Hours & Benefits] Putting the information about working hours and benefits in this location helps keep your job seeker's interest, encouraging them to continue reading your job ad. This is where you want to describe working conditions or requirements things like shift work, weekend work, overtime, and break schedules. Also, do be sure to mention special benefits that your company provides that others might not.
Cashier Qualifications/ Skills:
- Friendly and positive attitude
- Excellent customer service
- Excellent communication skills
- Ability to make change
- Basic math skills
- Attention to detail
Education and Experience Requirements:
- High school diploma or equivalent desired
- 0-1 years of retail experience desired
- Effective communication and customer service skills
- Readily adjusts schedule, tasks, and priorities when necessary to meet business needs
[Call To Action] You will get more responses to your job ad if you put a call to action here at the end of your cashier job description. Tell your job seeker how to apply for your position. For example, guide them to apply by clicking on the 'apply' button at the top of the job listing or by emailing a resume or filling out an application on the company's website.
Happy with your cashier job description? Get it working for you
If you want to hire a cashier as soon as possible, Monster can help. There are several monthly plans to choose from that will let you swap out job ads, upgrade or scale down based on your needs. And right now, you can try them for free. Gender reveal gambling ideas. Post a job for free to find your next cashier today.
Porter Casino Meaning
Jul 24
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Threat of Substitutes (one of Porter's Five Forces)
See also:
Porter's Five Forces of Competition
Threat of New Entrants
Supplier Power
Buyer Bargaining Power
Intensity of Rivalry
Complementors (Sixth Force)
Porter's threat of substitutes definition is the availability of a product that the consumer can purchase instead of the industry's product. A substitute product is a product from another industry that offers similar benefits to the consumer as the product produced by the firms within the industry. According to Porter's 5 forces, threat of substitutes shapes the competitive structure of an industry.
Download the External Analysis whitepaper to gain an advantage over competitors by overcoming obstacles and preparing to react to external forces, such as it being a buyer's market.
The threat of substitution in an industry affects the competitive environment for the firms in that industry and influences those firms' ability to achieve profitability. The availability of a substitution threat effects the profitability of an industry because consumers can choose to purchase the substitute instead of the industry's product. The availability of close substitute products can make an industry more competitive and decrease profit potential for the firms in the industry. On the other hand, the lack of close substitute products makes an industry less competitive and increases profitpotential for the firms in the industry. A threat of substitutes example is the beverage industry due to a market with many competitors.
Threat of Substitutes – Determining Factors
Several factors determine whether or not there is a threat of substitute products in an industry. First, if the consumer's switching costs are low, meaning there is little if anything stopping the consumer from purchasing the substitute instead of the industry's product, then the threat of substitute products is high. Second, if the substitute product is cheaper than the industry's product – thereby placing a ceiling on the price of the industry's product – then a threat of substitutes high risk is the case. Third, if the substitute product is of equal or superior quality compared to the industry's product, the threat of substitutes is high. And fourth, if the functions, attributes, or performance of the substitute product are equal or superior to the industry's product. Any of these situations is a high threat of substitutes: porter's 5 forces sees less profit potential.
On the other hand, if the substitute is more expensive, of lower quality, its functionality does not compare with the industry's product, and the consumer's switching costs are high, then a low threat of substitutes occurs. And of course, if there is no close substitute for the industry's product, then the threat of substitutes is low.
Threat of Substitutes – Analysis
When analyzing a given industry, all of the aforementioned factors regarding the threat of substitutes may not apply. But some, if not many, certainly will. And of the factors that do apply, some may indicate high threat of substitutes and some may indicate low threat of substitute products. The results will not always be straightforward. Therefore, it is necessary to consider the nuances of the analysis and the particular circumstances of the given firm and industry when using these data to evaluate the competitive structure and profit potential of a market.
The Threat of Substitutes Porter places High risk on:
• Substitute product is cheaper than industry product
• Consumer switching costs are low
• Substitute product quality is equal or superior to industry product quality
• Substitute performance is equal or superior to industry product performance
Casino Porter Definition Synonym
The Porter Threat of Substitutes Low Risk Situation:
Casino Porter Definition Synonyms
• Consumer switching costs are high
• Substitute product is more expensive than industry product
• Consumer switching costs are high
• Substitute product quality is inferior to industry product quality
• Substitute performance is inferior to industry product performance
• No substitute product is available
Threat of Substitutes Interpretation
Casino Porter Definition Francais
A low threat of substitute products makes an industry more attractive. In addition, it increases profit potential for the firms in the industry. Conversely, a high threat of substitute products makes an industry less attractive. It also decreases profit potential for firms in the industry. The threat of substitute products is one of the factors to consider when analyzing the structural environment of an industry using Porter's 5 forces framework. Start creating a list of potential substitutes that you evaluate as a threat in an external analysis. With this analysis, you'll be better able to identify and react to any threat of substitutes. Download the free External Analysis whitepaper by clicking here or the image below.
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- High school diploma or equivalent desired
- 0-1 years of retail experience desired
- Effective communication and customer service skills
- Readily adjusts schedule, tasks, and priorities when necessary to meet business needs
[Call To Action] You will get more responses to your job ad if you put a call to action here at the end of your cashier job description. Tell your job seeker how to apply for your position. For example, guide them to apply by clicking on the 'apply' button at the top of the job listing or by emailing a resume or filling out an application on the company's website.
Happy with your cashier job description? Get it working for you
If you want to hire a cashier as soon as possible, Monster can help. There are several monthly plans to choose from that will let you swap out job ads, upgrade or scale down based on your needs. And right now, you can try them for free. Gender reveal gambling ideas. Post a job for free to find your next cashier today.
Porter Casino Meaning
Jul 24
Back To Home
Threat of Substitutes (one of Porter's Five Forces)
See also:
Porter's Five Forces of Competition
Threat of New Entrants
Supplier Power
Buyer Bargaining Power
Intensity of Rivalry
Complementors (Sixth Force)
Porter's threat of substitutes definition is the availability of a product that the consumer can purchase instead of the industry's product. A substitute product is a product from another industry that offers similar benefits to the consumer as the product produced by the firms within the industry. According to Porter's 5 forces, threat of substitutes shapes the competitive structure of an industry.
Download the External Analysis whitepaper to gain an advantage over competitors by overcoming obstacles and preparing to react to external forces, such as it being a buyer's market.
The threat of substitution in an industry affects the competitive environment for the firms in that industry and influences those firms' ability to achieve profitability. The availability of a substitution threat effects the profitability of an industry because consumers can choose to purchase the substitute instead of the industry's product. The availability of close substitute products can make an industry more competitive and decrease profit potential for the firms in the industry. On the other hand, the lack of close substitute products makes an industry less competitive and increases profitpotential for the firms in the industry. A threat of substitutes example is the beverage industry due to a market with many competitors.
Threat of Substitutes – Determining Factors
Several factors determine whether or not there is a threat of substitute products in an industry. First, if the consumer's switching costs are low, meaning there is little if anything stopping the consumer from purchasing the substitute instead of the industry's product, then the threat of substitute products is high. Second, if the substitute product is cheaper than the industry's product – thereby placing a ceiling on the price of the industry's product – then a threat of substitutes high risk is the case. Third, if the substitute product is of equal or superior quality compared to the industry's product, the threat of substitutes is high. And fourth, if the functions, attributes, or performance of the substitute product are equal or superior to the industry's product. Any of these situations is a high threat of substitutes: porter's 5 forces sees less profit potential.
On the other hand, if the substitute is more expensive, of lower quality, its functionality does not compare with the industry's product, and the consumer's switching costs are high, then a low threat of substitutes occurs. And of course, if there is no close substitute for the industry's product, then the threat of substitutes is low.
Threat of Substitutes – Analysis
When analyzing a given industry, all of the aforementioned factors regarding the threat of substitutes may not apply. But some, if not many, certainly will. And of the factors that do apply, some may indicate high threat of substitutes and some may indicate low threat of substitute products. The results will not always be straightforward. Therefore, it is necessary to consider the nuances of the analysis and the particular circumstances of the given firm and industry when using these data to evaluate the competitive structure and profit potential of a market.
The Threat of Substitutes Porter places High risk on:
• Substitute product is cheaper than industry product
• Consumer switching costs are low
• Substitute product quality is equal or superior to industry product quality
• Substitute performance is equal or superior to industry product performance
Casino Porter Definition Synonym
The Porter Threat of Substitutes Low Risk Situation:
Casino Porter Definition Synonyms
• Consumer switching costs are high
• Substitute product is more expensive than industry product
• Consumer switching costs are high
• Substitute product quality is inferior to industry product quality
• Substitute performance is inferior to industry product performance
• No substitute product is available
Threat of Substitutes Interpretation
Casino Porter Definition Francais
A low threat of substitute products makes an industry more attractive. In addition, it increases profit potential for the firms in the industry. Conversely, a high threat of substitute products makes an industry less attractive. It also decreases profit potential for firms in the industry. The threat of substitute products is one of the factors to consider when analyzing the structural environment of an industry using Porter's 5 forces framework. Start creating a list of potential substitutes that you evaluate as a threat in an external analysis. With this analysis, you'll be better able to identify and react to any threat of substitutes. Download the free External Analysis whitepaper by clicking here or the image below.
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Casino Porter Definition Dictionary
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