Which of the following is a competitive force under the five forces model?
A) past rivalry with competitors
B) bargaining power of distributors
C) vertical integration
D) threat of new entrants
Question 2
When the price of beef skyrockets, consumers switch to pork and chicken. This demonstrates ________.
A) the threat of new entrants
B) the threat of substitutes
C) the bargaining power of buyers
D) the bargaining power of suppliers
