Wheat - Five Forces Analysis

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Intensity of Existing Rivalry Large industry size (Wheat) Large industries allow multiple firms and produces to prosper without having to steal market share... Relatively few competitors (Wheat) Few competitors mean fewer firms are competing for the same customers and resources, which is a... Bargaining Power of Suppliers High competition among suppliers (Wheat) High levels of competition among suppliers acts to reduce prices to producers. This is a positive... Volume is critical to suppliers (Wheat) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can... Critical production inputs are similar (Wheat) When critical production inputs are similar, it is easier to mix and match inputs, which reduces... s Low concentration of suppliers (Wheat) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low... Low cost of switching suppliers (Wheat) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching... Threat of Substitutes Substitute has lower performance (Wheat) A lower performance product means a customer is less likely to switch from Wheat to another product... Limited number of substitutes (Wheat) A limited number of substitutes mean that customers cannot easily find other products or services... Substitute product is inferior (Wheat) An inferior product means a customer is less likely to switch from Wheat to another product or... Bargaining Power of Customers Product is important to customer (Wheat) When customers cherish particular products they end up paying more for that one product. This... Low buyer price sensitivity (Wheat) When buyers are less sensitive to prices, prices can increase and buyers will still buy the product.... Large number of customers (Wheat) When there are large numbers of customers, no one customer tends to have bargaining leverage.... Threat of New Competitors Industry requires economies of scale (Wheat) Economies of scale help producers to lower their cost by producing the next unit of output at lower... Strong distribution network required (Wheat) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to... High capital requirements (Wheat) High capital requirements mean a company must spend a lot of money in order to compete in the... Customers are loyal to existing brands (Wheat) It takes time and money to build a brand. When companies need to spend resources building a brand,... Entry barriers are high (Wheat) 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 wheat'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 wheat's most important five forces statements.