factors that drive competition include
A) monopolistic competition, cross-market competition, entry, and the bargaining power of buyers and suppliers.
B) cross-market competition, entry, the bargaining power of buyers and suppliers, and substitution possibilities.
C) monopolistic competition, cross-market competition, bargaining power of buyers and suppliers, existing rivalries.
D) entry, the bargaining power of buyers and suppliers, existing rivalries, and substitution possibilities.
E) cross-market competition, entry, bargaining power of buyers and suppliers, and federal regulation.

Question

Quizplus · Accepted Answer

The factors that drive competition typically include entry, the bargaining power of buyers and suppliers, existing rivalries, and substitution possibilities, as these elements are part of the well-known Porter’s Five Forces framework.

Factors That Drive Competition Include