Considering Michael Porter's five factors,the automotive industry in the United States is characterized by:
A)weak rivalry.
B)high barriers to entry.
C)many substitute products.
D)weak suppliers.

Question

Quizplus · Accepted Answer

The United States automotive industry has high barriers to entry, as it is capital intensive, requires advanced technology, and requires extensive distribution networks. These high barriers make it difficult for new competitors to enter the market, which is a characteristic of Porter's five factors. The industry also has strong rivalry, a low threat of substitute products, and strong suppliers, so choices A, C, and D are eliminated.

Considering Michael Porter's Five Factors,the Automotive Industry in the United