there is a high likelihood of such partnerships reducing competitive pressures on ALL industry members, provided technological change in the suppliers' business is rapid and the item being supplied is a commodity.

Question

Mckinley Norman

Business

1 October, 17:50

there is a high likelihood of such partnerships reducing competitive pressures on ALL industry members, provided technological change in the suppliers' business is rapid and the item being supplied is a commodity.

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Joaquin Cook · Answer 1

The factors a company should consider when determining an industry offers good prospects for attractive profits are growth potential as per the competition appears destined to become stronger or weaker.

Explanation:

The technique for revealing the different market or competitive position that rival firms occupy in the industry are having similar market positions.

The market positions that occupy in an industry and for identifying each rival's competitors are displayed using a visual technique.

The firm will not be a competitive in its industry without understanding the industry's key success factors. Key success factors are functions of both customer needs and competitive pressures.