Definition
Which competitors who might emerge when barriers to entry in the industry are lowered
What is New Entrants
Walmart has a big bargaining power when it comes to their inventory because they can easily switch over to Costco, target, Amazon, and other retail companies.
What Are Buyers
What are competitors most closely matching a business’s product offering
What is Direct Competitors
Peanutbutter Vs. Wowbutter is an example of what competitve factor
what is a substitute
Which Business partners, such as materials producers, motivated to charge the highest price to the company to maximize profit
What Is Suppliers
apple being introduced into the smartphone market in 2007 is an example of what competitive factor?
New entrant
Which competitive force involves products satisfy the same need, but in varying ways
What is Substitutes
The rivalry between Marvel and DC is an example of which competitive force?
What are Direct Competitors
What are business partners, such as retailers, motivated to pay the least for products purchased from the company to maximize profit
What is Buyers
a farm providing ingredients to a factory or bakery is an example of what competitive factor
what are suppliers