Hi, need to submit a 1000 words essay on the topic Read the case and , and answer the question. don’t find any resource from Internet or other book.
The force is only significant when certain suppliers within the industry can differentiate their products to improve the quality of the industry’s products. However, the supplier bargaining power can influence the industry since not all suppliers possess all the movies available in the movie rental industry.
Potential new entrants pose a strong competitive force within the movie rental industry. The dynamic nature of markets makes it easy for emerging firms to penetrate the market to fill any identified gaps within the industry. Existing firms do not have any control over the changing markets. New entrants increase the competitive forces within the industry.