Reading - How Competitive Forces Shape Strategy Flashcards
1
Q
State of competition in an industry depends on how many forces?
A
5
2
Q
What determines the ultimate profit potential of an industry?
A
The collective strength of these forces.
3
Q
What are the threats of entry?
A
- Economies of scale
- Product differentiation
- Capital requirements
- Cost disadvantages independent of size
- Access to dis
- Government policy
4
Q
What is economies of scale?
A
lol
