Question

Discuss the competitive forces in the industry in which Airbnb is competing and use Porter's five forces to guide your discussion
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Answer 1

Answer:

The competitive forces

Explanation:

Bargaining power of buyers

This study examines the competitive forces at work in the industry in which Airbnb competes, as well as how the five forces of competition, which include buyer and supplier control, threat of substitutes, threat of entry, and rivalry, are influencing Airbnb's and the industry's attractiveness.

Powerful consumers increase the competitiveness of a market and have an effect on a company's ability to achieve profitability. Strong consumers push industries to lower costs, increase product quality, and provide better services.