Match the following.You may use a response once,more than once,or not at all.
-The extent to which alternative products or services may supplant existing products or services
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 alternative products or services may supplant existing products or services is the Threat of Substitute Products.

Answer: A
 Threat of new entrants refers to the possibility of new competitors entering the market and increasing competition.

Answer: B
 Competitive rivalry refers to the intensity of competition between existing firms in the market.

Answer: D
 Power of buyers refers to the influence that customers have over the prices, quality, and availability of products or services.

Answer: E
 Power of suppliers refers to the influence that suppliers have over the prices, quality, and availability of resources that are necessary for the production of products or services.

Match the Following