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Greenland Map free templates. GDPR compliance template. US map projection types. A substitute product means resolving the same problem with cost-effective way by advancing technologies. The bargaining power of customers is decided by how many suppliers in the market. If customers are easy to get what they want in the market, they will enjoy higher degree of bargaining power. The bargaining power of suppliers is subjected to the availability of the product in the market.
Advanced or differentiated technology will enhance the bargaining power of suppliers. The intensity of competitive rivalry could be judged through the concentration degree of the TOP 5 suppliers or downstream end users. The more fierce competition of this industry, the lower produce price will be witnessed.
Slide 3, Potential factors of Porter five forces At the same time you can also refer to the fully explanation of this great model in Wikipedia.
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