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Liquor Store, Liqour Store - Coggle Diagram
Liquor Store
Power of Suppliers
Mid
Many retailers for beverages
Needs to search for a place to sell and store products
Workers need to be hired
Threat of Substitutes
Most stores sell the same type of beverages
Low
restaurants
Threat of New Entrance
High
Cosi is high
Need to understand the business
Power of Competitors
High
Again, many stores
Different stores have different prices
Power of Buyers
High
People like to drink
Liqour Store
B2E
Training
Access to some tools at workplace
Daily payment
B2B
Make transaction with other shops to have a good relationship
B2C
Have a social media page. example, FB page
Have a good customer service
B2G
Make legal entity to open the shop