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October 20, 2020 at 8:40 pm
Can anyone tell me the answers to questions 3 & 4 please?
Ken Garrett says
October 21, 2020 at 6:16 am
Supplier power: you can only buy a component from one supplier. That suppliermjas a monopoly so is v powerful.
Competition: you have 2%…..you will be squeezed by the big companies
Buyer power: 75% of your output goes to one customer. That customer has power over you.
Threat of new entrants: high capital expenditure will lessen this because of the risk and expense.
Substitutes: old outdated technology is ripe for substitute products being developed.
October 21, 2020 at 6:23 am
For 4, all are barriers to entry except for subsidies which ease entry by providing money.
October 21, 2020 at 7:53 pm
January 31, 2020 at 3:37 am
how do I check correct answers
January 31, 2020 at 7:28 am
Once you score at least 70% you can review all the answers.
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