Question: While evaluating the competitive position and strategy for your company using Porter's Five Forces model, you determine that pricing on your products along with pricing
While evaluating the competitive position and strategy for your company using Porter's Five Forces model, you determine that pricing on your products
along with pricing for the same products with competitors is available on websites available to the general public, so the buyers have a tremendous
amount of information about your products and its price points compared to other providers. This identified risk is an example of which of the Porter's
Five Forces?
Threat of New Entrants
Threat of Substitution
Bargaining Power of Buyers
Bargaining Power of Suppliers
Rivalry of Existing Competitors
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