The nature and strength of the competitive forces that prevail in an industry is generally a joint product of:
A) competition from rival sellers.
B) competition from potential new entrants.
C) competition from producers of substitute products.
D) competitive pressures stemming from the bargaining power of both suppliers and buyers.
E) All of these.

Question

Quizplus · Accepted Answer

All of these factors contribute to the competitive forces in an industry. Rival sellers, potential new entrants, substitute products, and the bargaining power of suppliers and buyers are all important factors in shaping competition and determining the nature and strength of competitive forces.

The Nature and Strength of the Competitive Forces That Prevail