Question

A market with which of the following characteristics would generally be less competitive?
Select one:
a. High barriers to entry
b. Lots of potential substitutes exist
C. Strong bargaining power among buyers
d. Strong bargaining power among suppliers​

Answer 1

Explanation:

a. High barriers to entry

Answer 2

Answer:

C. Strong bargaining power among buyers

A market with Strong bargaining power among buyers would generally be less competitive.

Explanation:

Strong bargaining power among buyers attributes would commonly be less competitive.

While leading Porter's 5 forces purchaser power industry investigation, low purchaser bargaining power makes an industry more appealing and increments benefit potential for the merchant, while high purchaser bargaining power makes an industry less alluring and diminishes benefit potential for the dealer.

Both buyers and suppliers might apply bargaining power in an industry, with the possibility to diminish productivity. The provider applies power by being a very rare example of potential sources or offering an item with one of a kind qualities, for instance to the buyer’s specification. The purchaser might apply power by being one of just a restricted possible gathering of clients, for instance, likely buyers of large aircraft.