Assignment:
Using the case that is linked their is a competitors part and a manufacturer part
Industry Analysis- Competitors- write a detailed description of the competitors 3 paragraphs
Five Factors (porters five force) Power of Supplier- 3 paragraphs
This is determined by how easy it is for your suppliers to increase their prices. How many potential suppliers do you have? How unique is the product or service that they provide, and how expensive would it be to switch from one supplier to another?
The more you have to choose from, the easier it will be to switch to a cheaper alternative. But the fewer suppliers there are, and the more you need their help, the stronger their position and their ability to charge you more. That can impact your profit.
Readings:
Planet Fitness: No Judgements, No Lunks
By David l. Ager and michael A. Roberto