Which of the following Competitive Forces is impacted by the Internet?

Question

Quizplus · Accepted Answer

The internet impacts all of the competitive forces listed.

A) Substitute products or services: The internet has made it easier for consumers to find alternative products or services through online searches or comparison websites. This increases the threat of substitutes for traditional brick-and-mortar businesses.

B) Bargaining power of buyers: The internet has made it easier for buyers to compare prices and offerings from different competitors, giving them greater bargaining power in negotiations.

C) Intensity of rivalry among competitors: The internet has lowered barriers to entry for many industries, leading to increased competition and greater rivalry among existing competitors. Online marketplaces have also increased transparency and price competition.

Which of the Following Competitive Forces Is Impacted by the Internet