Will each of the following conditions making an industry attractive? Why? Analyze the impact of each condition on industry attractiveness?
- 1. Firms are unable to differentiate their products in an industry.
- 2. Low Switching Costs for Buyers.
- 3. Few buyers but many sellers
- 4. Buyers purchase in large volumes
- 5. Suppliers are capable of forward vertical integration
- 6. Economies of scale exist in the industry
- 7. Network effects are present in the industry
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