How you will apply 5 force model on Amazon

Question

Accepted Answer

The 5 force model can be applied to Amazon by analyzing the bargaining power of suppliers, buyers, new entrants, substitutes, and competitive rivalry.

Analyze the bargaining power of suppliers by looking at the number of suppliers, the uniqueness of their products, and the cost of switching to a different supplier.
Analyze the bargaining power of buyers by looking at the number of buyers, the size of their orders, and their ability to negotiate prices.
Analyze the threat of new entrants by looking at the barriers to entry, such as economies of scale, brand recognition, and government regulations.
Analyze the threat of substitutes by looking at the availability of alternative products or services and their prices.
Analyze the competitive rivalry by looking at the number and size of competitors, their market share, and their pricing strategies.

How you will apply 5 force model on Amazon

Popular interview questions of Market Research

Top HR questions asked in Amazon Market Research