Question:
Identify each auto industry structure correctly. provide an analysis of market structure requirements including number of firms, uniformity of products, ease of entry and exit and include sources as well please.
Porter's Five Forces Strategy Analysis as it applies to the Auto Industry:
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Competitive Rivalry in the Industry
- Threat of New Entrants
- Threat of Substitutes
In addition to identifying all five forces provide the detail for relating them to the requirement of market structure. Clearly identify an appropriate application of each concept identified in the scenario, for each concept identified, define at least one future opportunity.