Which of the five forces is powerful when no satisfactory substitutes are available?

Which of the five forces is powerful when no satisfactory substitutes are available? Demographic, economic, political/legal, sociocultural, technological, and global are the six elements compromising the industry environment. Suppliers are powerful when no satisfactory substitutes are available, selling the industry is relatively more concentrated, and switching costs are high. When the force of threat of … Continue reading Which of the five forces is powerful when no satisfactory substitutes are available?