Assignment:
Q. Porter's five forces
Let's look at what the 5 competitive forces mean - and what factors increase/decrease their power.
Industries where buyers have higher bargaining power are less attractive.
When are we likely to see buyers with higher bargaining power?
Can somebody describe/explain some of the factors that create barriers to entry?
Industries where suppliers have higher bargaining power are less attractive.
When are we likely to see suppliers with higher bargaining power?
Rivalry in the industry depends on 4 factors. Let's make sure we understand why these factors have an effect on the competitiveness of the industry. Explain?