Which of the five competitive forces is related to an automotive company being forced to change to a different tire supplier just to meet customer demands?
A) Availability of substitutes
B) Threat of new entrants
C) Bargaining power of suppliers
D) Bargaining power of buyers
E) Rivalry among existing competitors

Question

Quizplus · Accepted Answer

The bargaining power of buyers influences a company to change suppliers to meet customer demands, as customers (buyers) have the power to demand higher quality or specific features in products, including tires for vehicles.

Which of the Five Competitive Forces Is Related to an Automotive