Quiz 3

A new startup is entering the smartphone market, dominated by well-established companies like Apple, Samsung, and Google. The startup faces challenges in convincing customers to switch to their brand despite offering competitive pricing.

• • Threat of New Entrants

• • Bargaining Power of Suppliers

• • Bargaining Power of Buyers

• • Threat of Substitutes

• • Industry Rivalry

A leading car manufacturer has to rely heavily on a few key suppliers for essential components like microchips and batteries. Recently, one of these suppliers increased prices, affecting the manufacturer's overall costs.

• 1. Threat of New Entrants

• 1. Bargaining Power of Suppliers

• 1. Industry Rivalry

• 1. Bargaining Power of Buyers

• 1. Threat of Substitutes

A popular streaming service faces competition not only from other streaming platforms but also from alternative forms of entertainment like video games and social media platforms.

• • Threat of New Entrants

• • Bargaining Power of Suppliers

• • Industry Rivalry

• • Bargaining Power of Buyers

• • Threat of Substitutes

A luxury watch company operates in a market where a few key players dominate, each offering highly differentiated products. Price competition is intense, and companies regularly launch new models to outdo each other.

• • Threat of New Entrants

• • Bargaining Power of Suppliers

• • Industry Rivalry

• • Bargaining Power of Buyers

• • Threat of Substitutes

A new food delivery app is trying to enter a market where customers have many options, including traditional dining, cooking at home, and several other food delivery services.

• • Threat of New Entrants

• • Bargaining Power of Suppliers

• • Industry Rivalry

• • Bargaining Power of Buyers

• • Threat of Substitutes