Match the following.You may use a response once,more than once,or not at all.
-The extent to which suppliers have the ability to influence buyers
A)Threat of new entrants
B)Competitive rivalry
C)Threat of substitute products
D)Power of buyers
E)Power of suppliers

Question

Quizplus · Accepted Answer

The extent to which suppliers have the ability to influence buyers is referred to as the power of suppliers.

Answer: D
 The extent to which buyers have the ability to influence suppliers is referred to as the power of buyers.

Answer: A
 The threat of new entrants refers to the possibility of new companies entering the industry and increasing competition.

Answer: B
 Competitive rivalry refers to the level of competition among existing companies in the industry.

Answer: C
 The threat of substitute products refers to the possibility of customers switching to alternative products that may serve the same purpose.

Match the Following