Backpacks - Five Forces Analysis

Backpacks - Five Forces Analysis

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Intensity of Existing Rivalry

Fast industry growth rate (Backpacks ) When industries are growing revenue quickly, they are less likely to compete, because the total...
Relatively few competitors (Backpacks ) Few competitors mean fewer firms are competing for the same customers and resources, which is a...

Bargaining Power of Suppliers

Critical production inputs are similar (Backpacks ) When critical production inputs are similar, it is easier to mix and match inputs, which reduces...
Volume is critical to suppliers (Backpacks ) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can...
Low cost of switching suppliers (Backpacks ) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...

Threat of Substitutes

Substitute has lower performance (Backpacks ) A lower performance product means a customer is less likely to switch from **Backpacks ** to another...
Substitute is lower quality (Backpacks ) A lower quality product means a customer is less likely to switch from **Backpacks ** to another...
Limited number of substitutes (Backpacks ) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

Low buyer price sensitivity (Backpacks ) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product....
Low dependency on distributors (Backpacks ) When produces have low dependence, distributors have less bargaining power. Low dependency...
Product is important to customer (Backpacks ) When customers cherish particular products they end up paying more for that one product. This...

Threat of New Competitors

Strong distribution network required (Backpacks ) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
High capital requirements (Backpacks ) High capital requirements mean a company must spend a lot of money in order to compete in the...
High sunk costs limit competition (Backpacks ) High sunk costs make it difficult for a competitor to enter a new market, because they have to...
Strong brand names are important (Backpacks ) If strong brands are critical to compete, then new competitors will have to improve their brand...
Customers are loyal to existing brands (Backpacks ) It takes time and money to build a brand. When companies need to spend resources building a brand,...
High switching costs for customers (Backpacks ) High switching costs make it difficult for customers to change which products they normally...
High learning curve (Backpacks ) When the learning curve is high, new competitors must spend time and money studying the market...

What is Porter's Five Forces Analysis?

WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to backpacks's five forces template. See WikiWealth's tutorial for help. Is WikiWealth missing any analysis? Check out our entire database of free five forces reports or use our five forces generator to create your own. Remember, vote up backpacks's most important five forces statements.