Question: Michael Porter states in The Five Competitive Forces that Shape Strategy that Buyers are powerful it they have negotiating leverage relative to industry participants. especially

 Michael Porter states in "The Five Competitive Forces that Shape Strategy"

Michael Porter states in "The Five Competitive Forces that Shape Strategy" that "Buyers are powerful it they have negotiating leverage relative to industry participants. especially if they are price sensitive, using their clout primarily to pressure price reductions." He then provides four sources or buyer leverage and four conditions or buyers that increase price sensitivity. Briefly describe three or the eight sources oi buyer power he mentions in that reading (in one sentence or short bullet point each)

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