Can I have some help with this please The taxicab drivers' union is threatened by the introduction of self-driving vehicles. Threat of new entrants, Power of suppliers,Threat of substitutes, Rivalry of existing competitors, Power of buyers.
Can I have some help with this please
The taxicab drivers' union is threatened by the introduction of self-driving vehicles. Threat of new entrants, Power of suppliers,Threat of substitutes, Rivalry of existing competitors, Power of buyers.
In which of these industries would buyers enjoy relatively high power? [Select all that apply]
Aluminum can manufacturers when dealing with beverage industry buyers, air transportation between Boston and New York City, steel, Electrical power generation (household buyers).
“Since you have posted multiple questions, we will provide the solution only to the first question as per our Q&A guidelines. Please repost the remaining questions separately.”
Porter’s five forces is a framework for analysis of the several competitive forces that can affect significantly any industry. It can provide a basic understanding of the strengths as well as the shortcomings of an industry. It is a relevant model that is often used in the real world while developing corporate strategy.
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