What Is &Quot;Porter'S 5 Forces Analysis&Quot;?
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Title: What Is &Quot;Porter'S 5 Forces Analysis&Quot;?

Essay Details:

Subject: Business
Author: Vern F
Date: May 22, 2016
Level:
Grade: A
Length: 2 / 419

Essay text:

If one supplier has a large enough impact to affect a company's margins and volumes, then they hold substantial power. Here are a few reasons that suppliers might have power: There are very few suppliers of a particular product There are no substitutes Switching to another (competitive) product is very costly The product is extremely important to the buyer, they can not do without it The supplying industry has a higher profitability than the buying industry Power of Buyers - This is how much pressure customers can place on a business. If one customer has a large enough impact to affect a company's margins and volumes, then they hold substantial power...

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