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Supplier Power
The influence that suppliers have over the price and quality of goods and services, often determined by the number of suppliers in the market.
Switching Costs
The costs associated with changing from one product, service, or supplier to another, including financial, effort, and time expenses.
Buyer Power
The influence that purchasers have over the price and terms of purchase, which can affect market dynamics and pricing strategies.
Substitute Product Offerings
Products or services that a consumer might buy to satisfy the same basic need or want as another product.
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