Competitive rivalry,the bargaining power of suppliers and customers,and the threat of substitute products and new entrants are the forces that jointly influence ________.
A) industry profitability
B) economies of scope
C) product scale effects
D) demographic trends

Question

Quizplus · Accepted Answer

These three forces, along with the threat of new entrants and substitutes, collectively determine the level of competition and profitability within an industry. The stronger the competitive rivalry, bargaining power of suppliers/customers, and threat of substitutes, the lower the industry profitability is likely to be.

Competitive Rivalry,the Bargaining Power of Suppliers and Customers,and the Threat