According to Michael Porter,there are five determinants of competition.An example of _____ is when a buyer purchases a large fraction of an industry's output and can demand price concessions.
A)Threat of Entry
B)Rivalry between Existing Competitors
C)Pressure from Substitute Products
D)Bargaining power of Buyers
E)Bargaining power of Suppliers

Question

Quizplus · Accepted Answer

The example given in the question is related to the bargaining power of buyers. This determinant refers to the ability of buyers to negotiate lower prices or better terms of sale from the industry players. If a buyer is purchasing a large fraction of the industry's output, they hold significant bargaining power and can demand concessions from the industry players.

According to Michael Porter,there Are Five Determinants of Competition