Market Analysis Chart Interpretation
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Market Analysis Chart Interpretation

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Questions and Answers

What does the bargaining power of buyers measure?

  • Influence of customers over pricing, terms, and quality (correct)
  • Influence of suppliers over pricing and quality
  • Availability of comparable alternatives
  • Level of competition amongst existing businesses

    • What is the main factor that can limit a company's pricing power?

  • Rate of innovation
  • Diverse pricing strategies
  • High threat of substitutes (correct)
  • Number of competitors

    • Which factors contribute to the intensity of competitive rivalry in an industry?

  • Threat of new entrants, threat of substitutes, relationships with suppliers (correct)
  • Pricing power, customer base, demand
  • Pricing strategies, rate of innovation, diversity of competitors
  • Bargaining power of buyers, availability of alternatives, switching costs

    • What is the purpose of assessing the level of competitive rivalry among businesses within an industry?

    <p>To understand the factors influencing competition</p> Signup and view all the answers

    How do high substitution threats impact a company's pricing power?

    <p>Limit it due to easy customer switching to alternatives</p> Signup and view all the answers

    What is the role of substitutes in an industry?

    <p>They offer alternative products or services fulfilling similar needs</p> Signup and view all the answers

    Which factor heavily influences the threat of substitutes in a market?

    <p>Price performance trade-offs</p> Signup and view all the answers

    Why can high substitution threats limit a company's pricing power?

    <p>Customers can easily switch to alternative products or services</p> Signup and view all the answers

    What do substitutes in an industry refer to?

    <p>Alternative products or services that fulfill similar needs</p> Signup and view all the answers

    What is the importance of assessing competitive rivalry within an industry?

    <p>Understanding the factors influencing competition</p> Signup and view all the answers

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