According to Michael Porter, the power of buyers can have an impact on the competitiveness of an industry.

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According to Michael Porter's Five Forces model, the power of buyers is one of the factors that can affect the competitiveness of an industry. The more power buyers have to negotiate lower prices or demand better quality, the more pressure it puts on industry profitability. Therefore, companies must analyze and understand the power of buyers to develop effective strategies and maintain their competitive advantage.

According to Michael Porter, the Power of Buyers Can Have