9/8 Class Flashcards
1
Q
threat of rivalry
A
many similar competing firms, slow industry growth, lack of product differentation
2
Q
threat of substitutes
A
meets a customer need in a different way
3
Q
bargaining power of suppliers
A
to what extent are suppliers threatened by the 5 forces themselves, they can raise the prices of materials
4
Q
threat of buyers
A
people can stop buying
5
Q
threat of new entry
A
new people entering the industry
6
Q
industry structure
A
emerging industry structure
mature industry structure
declining industry structure
fragmenting industry structure
7
Q
mature industry opportunities
A
refine current production
improve service
process innovation
significant consolidation
8
Q
fragmented industry structure
A
large number of firms
no dominant firms
limited consolidation
