Provide a justifying your
determination with examplesHig
h Mediu
m Low Example xThis is why I believe it is medium.
Threat of new entrants x When new competitors enter an industry, their position is put at risk by their new competition. As production increases and demand declines due to the entry of a new firm, total profit will
decline.
Power of buyers x According to Khurram at el. (2020), the size and scope of a company's customer base affect its ability to influence pricing and quality. As a result, a large grocery store chain in nearly every state has more room to offer discounted pricing than a small