Keeping in mind the five forces in the airline industry,which of the following best explains the situation in the industry?
A) Substitutes are readily available in the form of trains and buses, thus reducing the profit potential in the industry.
B) Suppliers have weak bargaining power because they offer products that are not differentiated.
C) Entry barriers in the industry are high resulting in hardly any new airlines popping up.
D) Consumers in the industry make decisions based on price, thus reducing the intensity of rivalry in the industry.
Correct Answer:
Verified
Q4: What is most likely to happen when
Q6: A firm's _ relates to its ability
Q7: In 2008,BlackBerry's market cap peaked at $75
Q8: Which of the following is most likely
Q10: Which of the following represents an economic
Q11: The government of Filvia has mandated that
Q13: The _ allows the scanning, monitoring, and
Q14: Which of the following factors best contributes
Q16: In a firm's external environment, _ primarily
Q26: Which of the following is a primary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents