Which of the following conditions acts to weaken buyer bargaining power?

Which of the following conditions acts to WEAKEN buyer bargaining power? When buyers are unlikely to integrate backward into the business of sellers.

Which of the following conditions would generally raise the barrier to entering an industry?

Which of the following conditions generally raise the barriers to entering an industry? substitutes are higher-priced, buyers don’t believe substitute products have equal or better features, and buyers’ costs of switching to substitutes are relatively high.

What is one of the most important factors in determining if an industry will prosper?

[Exp: An industry’s key success factors (KSFs) are those competitive factors that most affect industry members’ ability to survive and prosper in the marketplace: the particular strategy elements, product attributes, operational approaches, resources, and competitive capabilities that spell the difference between being …

Which of the following are among the primary factors that determine whether competitive pressures from substitute products are strong moderate or weak?

Which are among the primary factors that determine whether competitive pressures from substitute products are strong, moderate, or weak? Whether substitutes are readily available and whether the costs that buyers incur in SWITCHING to the substitutes are low or high.

Which of the following conditions determines whether buyer bargaining power in an industry is weak quizlet?

Which of the following conditions determines whether buyer bargaining power in an industry is WEAK? There is a surge in buyer demand that creates a “seller’s market.” Buyer demand is weak or declining.

What is the bargaining power of buyers?

The Bargaining Power of Buyers, one of the forces in Porter’s Five Forces Industry Analysis framework, refers to the pressure that customers/consumers can put on businesses to get them to provide higher quality products, better customer service, and/or lower pricesFiscal PolicyFiscal Policy refers to the budgetary …

Which of the following is not included in the five forces of competition?

Q. Which one of the following is NOT included in the Porter’s Five Forces model?
B. Bargaining power of suppliers
C. Rivalry among stockholders
D. Rivalry among competing firms
Answer» c. Rivalry among stockholders

What are the key success factors in an industry quizlet?

What are Key Success Factors? The strategy elements, product and service attributes, operational approaches, resources, and competitive capabilities with the greatest impact on competitive success in the marketplace.

When evaluating whether an industry’s environment presents a company?

Terms in this set (89) Evaluating whether an industry’s environment presents a company with a sufficiently attractive business opportunity involves: Using value chain analysis to determine the relative cost positions of rival firms and to learn who the industry’s low-cost producer is.

Which of the following conditions causes high rivalry among competing firms?

The intensity of rivalry will be high if industry growth is slow. … Industry rivalry will be intense if competitors are strategically diverse – which means that they position themselves differently from other competitors. Then an industry with excess production capacity will have greater rivalry among competitors.

Which are the factors that influence the buyer to have a less treats because of the bargaining power?

For example, low buyer concentration, high switching costs, no threat of backward integration, less price sensitivity, uneducated consumers, consumers that purchase specialized products, and the absence of substitute products all indicate that buyer power is low.

What does Porter’s five forces model determine?

Porter’s Five Forces is a business analysis model that helps to explain why various industries are able to sustain different levels of profitability. … The five forces are frequently used to measure competition intensity, attractiveness, and profitability of an industry or market.

What is rivalry among competing firms?

What is Competitive Rivalry? Competitive rivalry is a measure of the extent of competition among existing firms. Intense rivalry can limit profits and lead to competitive moves, including price cutting, increased advertising expenditures, or spending on service/product improvements and innovation.

What factors make strong rivalry?

Structural factors affecting industry rivalry
  • Numerous or equally balanced competitors. …
  • Slow industry growth. …
  • High fixed or storage costs. …
  • Lack of differentiation or switching costs. …
  • Capacity increased in large increments. …
  • Diverse competitors. …
  • High strategic stakes. …
  • High exit barriers.

What are some problems of rivalries?

Rivalries may increase motivation, lead to greater effort, and better performance. They may also contribute to greater risk taking behavior among participants, and increase a propensity for unethical behavior.

What factors reduce competition in a market?

What factors reduce competition in a market? On the supply side, mergers and combinations of companies result in fewer firms competing in a market. Fewer buyers reduce competition on the demand side of the market.