The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.
A)low threat of substitutions
B)high bargaining power of suppliers
C)high levels of rivalry
D)low bargaining power of customers

Question

Quizplus · Accepted Answer

The statement indicates intense competition among many manufacturers, which means high levels of rivalry in the industry. The other options are not supported by the given information.

The Automobile Industry Is Characterized by Many Manufacturers and Intense