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What five forces determine industry structure?

What five forces determine industry structure?

Question Description

  • What five forces determine industry structure (just name them)? Give your own examples of both strong and weak forces of each type, like those in Figure 2-3.
  • Define business process, cost, and margin as they pertain to business processes.

Forces

Example of Strong Force

Example of Weak Force

Threat of New Entrants

Threat of Substitutes

Bargaining Power of Buyers

Bargaining Power of Suppliers

Rivalry Among Existing Competitors

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