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Threat Of Provider Bargaining Electricity Marketing Essay
The most powerful competitive pressure or pushes determine the success of an industry and so are of best importance in strategy formulation. For instance, a good company with a strong position in an industry unthreatened by potential entrants will earn low return if it encounters superior or a lowers-cost substitute product, as the leading manufacturers of vacuum pipes and coffee percolators have learned with their sorrow, so that in such situation, dealing with the substitute..
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