Model of Competition Porter's uses the five forces, supplier power, barriers to entry, threat of substitutes, buyer power, and the degree of rivalry, as tools that help analyse a company's position against its competitors (QuickMBA site, 2003). Threat of New Entrants, (low): Start-up costs are extremely high so the probability of new entrants is low. For more details refer to appendix 2 (a).Bargaining Power of Suppliers, (low): The suppliers are plentiful and must compete with others to ensure that…
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