Complete a five forces analysis of the automotive industry. Only Bargaining Power of Buyers. For Chevrolet , Buick/GMC, Suburu, Tesla. Need very in depth with proper citation on references

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Complete a five forces analysis of the automotive industry. OnlyBargaining Power of Buyers. For Chevrolet, Buick/GMC, Suburu, Tesla. Need very in depth with proper citation on references



Answered 1 days AfterSep 17, 2021

Answer To: Complete a five forces analysis of the automotive industry. Only Bargaining Power of Buyers. For...

Shubham answered on Sep 18 2021
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Title: Strategic Management
Contents
Bargaining Power of Buyers for Chevrolet    
3
Bargaining Power of Buyers for Buick/GMC    3
Bargaining Power of Buyers for Subaru    4
Bargaining Power of Buyers for Tesla    4
Works Cited    5
Bargaining Power of Buyers for Chevrolet
The bargaining power of buyers has following mentioned external factors, which suggest that (i) the moderate substitute availability (moderate force) of other brands in same segment is a point of concern. For example, customers, preferring cycle to car as a green initiative or fitness reason, prefer public transport or look for other variants with high features in same price.
As the switching costs (moderate force) are, moderate customers are likely to shift from General Motors to any other brand. According to Cagle, as the size of individual buyers (weak force) is small despite company selling millions of cars each year. The reason is a person buying one car per family. This reduces the base. This situation makes bargaining powers of buyers a restricted but considerable issue in the industry.
Bargaining Power of Buyers for Buick/GMC
Due to changing roles of customers and trends in demographics, buyers have increased bargaining powers. In order to...
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