Heri owns one of three shoe repair shops in his city. Then he loses some of his customers when a luggage repair shop expands its services to include shoe repair as well as luggage repair. Which of the five forces in the Five Force framework is Heri facing when the luggage shop expands its services?
A) bargaining power of buyers
B) threat of existing competitors
C) threat of potential substitutes
D) threat of entry
Correct Answer:
Verified
Q23: Customers would be less loyal and more
Q24: In which of the following situations would
Q25: Lena owns a cookie bakery in a
Q26: The threat of entry includes the:
A)expansion of
Q27: What protects a business from the threat
Q29: Malia's auto repair shop faces the threat
Q30: Barriers to entry _ existing businesses _.
A)protect;
Q31: In the long run, the strength of
Q32: In the long run, the number of
Q33: If more acceptable substitutes are available for
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