Question: Whether buyer bargaining power poses a strong or weak source of competitive pressure on industry members depends in part on whether the profit margins of
Whether buyer bargaining power poses a strong or weak source of competitive pressure on industry members depends in part on
whether the profit margins of sellers are relatively high or low.
whether entry barriers are high or low and the pool of likely entry candidates is big or small.
whether buyer demand is local, regional, national, or global.
the price sensitivity of buyers, whether buyer switching costs are high or low, and how wellinformed buyers are about the product offerings of industry members.
whether the overall quality of the productsservices of industry members is rising or falling
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