Match the following component of a Porter’s 5 Forces analysis to the correct description: Supplier power       The ability of customers to influence the price which firms can charge for good/service       The number of firms offering a directly related product and the intensity of competition between them and the focal firm       The ease with which consumers can switch to a related, but different, good/service in place of the products offered by the company       How difficult is it for new firms to join the industry       The extent to which distributors can influence the cost of inputs for the firm

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Aggregate Planning Strategies

On the basis of the demand forecast, an organization can complete its business plans. When the business plans are complete, an organization can work backward from the completed total sales to the raw materials needed. Thus, annual and quarterly plans are divided into labor, raw material, working capital, and other demands for a medium-term period (6 months to 18 months). This process of evaluating moderate production requirements is known as aggregate planning.