Analyze the Best Global Practice case study, “Cholula: America’s Hottest Sauce,” on pages 76 and...

Question

Analyze the Best Global Practice case study, “Cholula: America’s Hottest Sauce,” on pages 76 and 77 in the textbook.

Complete the tasks below, which are associated with the case study in the textbook.

Answer question 1 using Porter’s approach as a framework for your XXXXXXXXXXresponse.
Answer question 2, and support your answer by incorporating XXXXXXXXXXinformation from the resources located in the “Sources” section on page XXXXXXXXXXin the textbook.

Respond to each question in essay format; each answer should be a minimum of 250 words. This assignment should be approximately two pages in length.

Use APA formatting when writing your responses. All sources used, including the textbook, must be referenced, and quoted or paraphrased material must have accompanying in-text citations

Textbook: Aaker, D. A., & Moorman, C. (2018). Strategic market management (11th ed.). Hoboken, NJ: Wiley.

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Kuldeep · Accepted Answer

Running head: Cholula: America’s Hottest Sauce
Cholula: America’s Hottest Sauce
Cholula: America’s Hottest Sauce
Student Name
University Name
Unit Name
Unit Code
Contents
Solution 1	2
Solution 2	3
References	5
Solution 1
I used Porter's five strengths to analyze profitability. The top five strengths include business competitors, new entry in markets, alternatives, supplier bargaining and buyer bargaining power. 
Competitive Rivalry: Hot sauce industry consists of companies that make sauces and condiments and retailers that trade them. Production moreover Distribution are focused by the company. Few products seen within this market take in ketchup, barbecue sauce mustard and , mayonnaise. Since 2000, Cholula also has been one of the rising stars in the industry (Asad, 2012).
Substitutes: There are some sauces on the market that can be very sure. Cholula successfully overcomes the competition. And this is due in large part to its very efficient marketing strategy. The strategy they adopted made Cholula a success.
Threat of New Entry: Market is already fairly saturated, so new competitors are unlikely to emerge. Cholula has taken up a large part of a market. Therefore, competition will surely be more complex and some new companies will be a big difficultly to compete. Some investors in potential companies will be limited just because Cholula's competitors are already trying to compete with such companies. This does not seem to be a good venture opportunity (Aaker and Moorman, 2018).
Supplier Power: The Cholula sauce is growing and because of the fact,

Analyze the Best Global Practice case study, “Cholula: America’s Hottest Sauce,” on pages 76 and 77 in the textbook. Complete the tasks below, which are associated with the case study in the textbook....

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