L3 : Forces of Competition Model

Question 1

An industry environment is a competitive environment. Regardless of what product or services you have, competition is always present

Answer 1

Forces of Competition Model

Question 2

An industry environment is a ________. Regardless of what product or services you have, _______ is always _____

Answer 2

competitive environment. competition. present

Question 3

Forces of Competition Mode is aka l

Answer 3

five forces of competition

Question 4

it is the act or process

Answer 4

Competition

Question 5

For example, the prices are lower when there is a competition among the stores.

Answer 5

Competition

Question 6

These are the five forces competing within the industry: 5

Answer 6

Buyers
Potential New Entrants
Rivalry Among Existing Firms
Substitute Products
Supplier

Question 7

The _____ are the one that pays cash in exchange to your goods and services

Answer 7

buyers

Question 8

example, the influence of the price or in the bargaining strategy. The ____ has a strong and magnified bargaining power

Answer 8

buyer

Question 9

The threat of its bargaining power will be less if the following factors notice: (5) buyers

Answer 9

a. There are several suppliers available in the market.

b. The buyer has the potential for backward integration.

c. The cost of switching the supplier cost is minimal.

d. The product represents a high percentage of the buyer’s cost.

e. The buyer purchases large portions of the seller’s product or services