Whole Foods Five Competitive Forces In this assignment, students will research competitive advantage. By learning this concept, students will understand the necessity of a consumer’s problem and a company’s product or service as a solution to that problem. In 500 words or more, address the following: Describe how Whole Foods built its competitive advantage. What IT assets and capabilities does Whole Foods utilize? Assess Whole Foods’ competitive environment by describing the following five competitive forces: 1. The potential threat of new entrants/competitors 2. The bargaining power of buyers 3. The bargaining power of suppliers 4. The threat of substitute products/services 5. Industry competitors Note: Use Figure 2.3 in the textbook as a guide. This assignment requires the use of at least two additional scholarly research sources published within the last 5 years. Include at least one in-text citation from each cited source. Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite.
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