Liberty Steel Georgetown - Five Forces Analysis

Liberty Steel Georgetown - Five Forces Analysis

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Intensity of Existing Rivalry

Low storage costs (Liberty Steel Georgetown) When storage costs are low, competitors have a lower risk of having to unload their inventory all at...
Large industry size (Liberty Steel Georgetown) Large industries allow multiple firms and produces to prosper without having to steal market share...
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Bargaining Power of Suppliers

Critical production inputs are similar (Liberty Steel Georgetown) When critical production inputs are similar, it is easier to mix and match inputs, which reduces...
Low cost of switching suppliers (Liberty Steel Georgetown) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching...
Volume is critical to suppliers (Liberty Steel Georgetown) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can...

Threat of Substitutes

High cost of switching to substitutes (Liberty Steel Georgetown) Limited number of substitutes means that customers cannot easily switch to other products or...
Limited number of substitutes (Liberty Steel Georgetown) A limited number of substitutes mean that customers cannot easily find other products or services...

Bargaining Power of Customers

Buyers require special customization (Liberty Steel Georgetown) When customers require special customizations, they are less likely to switch to producers who have...
Product is important to customer (Liberty Steel Georgetown) When customers cherish particular products they end up paying more for that one product. This...
Limited buyer choice (Liberty Steel Georgetown) When customers have limited choices they end up paying more for the choices that are available....

Threat of New Competitors

Strong distribution network required (Liberty Steel Georgetown) Weak distribution networks mean goods are more expensive to move around and some goods don’t get to...
High capital requirements (Liberty Steel Georgetown) High capital requirements mean a company must spend a lot of money in order to compete in the...
High sunk costs limit competition (Liberty Steel Georgetown) High sunk costs make it difficult for a competitor to enter a new market, because they have to...
Entry barriers are high (Liberty Steel Georgetown) When barriers are high, it is more difficult for new competitors to enter the market. High entry...
Industry requires economies of scale (Liberty Steel Georgetown) Economies of scale help producers to lower their cost by producing the next unit of output at lower...

What is Porter's Five Forces Analysis?

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