Will each of the following conditions making an industry attractive? Why? Analyze the impact of each condition on industry attractiveness?
1. Firms are unable to differentiate their products in an industry.
2. Low Switching Costs for Buyers.
3. Few buyers but many sellers
4. Buyers purchase in large volumes
5. Suppliers are capable of forward vertical integration
6. Economies of scale exist in the industry
7. Network effects are present in the industry