Which of the following competitive forces affect an industry's attractiveness? (Check all that apply.)Multiple select question.Competitive pressures stemming from creating entry barriers in the marketCompetitive pressures associated with being the first entrant in a marketCompetitive pressures stemming from supplier bargaining powerCompetitive pressures associated with the threat of new entrants into the marketCompetitive pressures stemming from buyer bargaining power
Question
Which of the following competitive forces affect an industry's attractiveness? (Check all that apply.)Multiple select question.Competitive pressures stemming from creating entry barriers in the marketCompetitive pressures associated with being the first entrant in a marketCompetitive pressures stemming from supplier bargaining powerCompetitive pressures associated with the threat of new entrants into the marketCompetitive pressures stemming from buyer bargaining power
Solution
All of the options listed can affect an industry's attractiveness:
-
Competitive pressures stemming from creating entry barriers in the market: High entry barriers can deter new competitors from entering the market, making the industry more attractive for existing companies.
-
Competitive pressures associated with being the first entrant in a market: Being the first entrant in a market can provide a competitive advantage, as it allows a company to establish its brand and customer base before others.
-
Competitive pressures stemming from supplier bargaining power: If suppliers have high bargaining power, they can demand higher prices or better terms, which can reduce the profitability of companies in the industry.
-
Competitive pressures associated with the threat of new entrants into the market: The threat of new entrants can force existing companies to lower prices or increase spending on marketing and innovation to maintain their market share.
-
Competitive pressures stemming from buyer bargaining power: If buyers have high bargaining power, they can demand lower prices or better quality, which can reduce the profitability of companies in the industry.
Similar Questions
According to the five-forces model of competition, the competitive forces affecting industry attractivenessMultiple choice question.do not include outside pressures.go beyond rivalry among competing sellers.are only important for the five different kinds of customers.do not include rivalry among competing firms.
Characteristics of an attractive industry, where firms may achieve strategic competitiveness and earn above-average returns includes which of the following?Question 3Select one:a.Low entry barriersb.Suppliers and buyers with little bargaining powerc.Strong competitive threats from product substitutesd.Moderate to high rivalry
The intensity of industry competition and an industry’s profit potential are a function of which of the following forces of competition?Question 5Select one:a.Power of stockholdersb.Power or employeesc.Global economic conditionsd.Threats posed by new entrants
Which of the following factors is not a significant influence on a company's competitive environment?Group of answer choicesthe availability of supportive organizational structureswhat the market share of each competitor ishow profitable competitors arehow many competitors are active
In which of the following instances are industry members NOT subject to stronger competitive pressures from substitute products?Question 7AnswerA.The costs to buyers of switching over to the substitutes are low.B.Buyers are wary about using substitutes.C.The quality and performance of the substitutes are well-matched to what buyers need to meet their requirements.D.Buyer brand loyalty is weak.E.Substitutes are readily available at competitive prices.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.