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What are the two most relevant driving forces from Table 3.2 for a firm with which you are familiar? Have these driving forces made the industry in
What are the two most relevant driving forces from Table 3.2 for a firm with which you are familiar? Have these driving forces made the industry in which the firm operates more, or less, attractive? Explain your rationale.Figure 3.2 involves the Five-Forces Model of Competition1. Competitive pressures stemming from buyer bargaining and seller buyer collaboration.2. Competitive pressures coming from companies in other industries to win buyer over to substitute products3. Competitive pressures stemming from supplier bargaining power and supplier-seller collaboration4. Competitive pressures associated with the threat of new entrants into the market5. Competitive pressures associated with rivarly among competing sellers to attrat customers. This is usually the strongest of the five competitive forces.