Luxury boat - Five Forces Analysis

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Intensity of Existing Rivalry Exit barriers are low (Luxury boat) When exit barriers are low, weak firms are more likely to leave the market, which will increase the... Bargaining Power of Suppliers bps Luxury boat:nkjhk Low concentration of suppliers (Luxury boat) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low... Critical production inputs are similar (Luxury boat) When critical production inputs are similar, it is easier to mix and match inputs, which reduces... Threat of Substitutes Substantial product differentiation (Luxury boat) When products and services are very different, customers are less likely to find comparable product... Bargaining Power of Customers Buyers require special customization (Luxury boat) When customers require special customizations, they are less likely to switch to producers who have... Low buyer price sensitivity (Luxury boat) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product.... Product is important to customer (Luxury boat) When customers cherish particular products they end up paying more for that one product. This... Threat of New Competitors High capital requirements (Luxury boat) High capital requirements mean a company must spend a lot of money in order to compete in the... Strong brand names are important (Luxury boat) If strong brands are critical to compete, then new competitors will have to improve their brand... Advanced technologies are required (Luxury boat) Advanced technologies make it difficult for new competitors to enter the market because they have to... High switching costs for customers (Luxury boat) High switching costs make it difficult for customers to change which products they normally... Geographic factors limit competition (Luxury boat) If existing competitors have the best geographical locations, new competitors will have a... High learning curve (Luxury boat) When the learning curve is high, new competitors must spend time and money studying the market... Entry barriers are high (Luxury boat) When barriers are high, it is more difficult for new competitors to enter the market. High entry... What is Porter's Five Forces Analysis? WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to luxury-boat'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 luxury-boat's most important five forces statements.