The document discusses the characteristics of an industry, noting that the industry is growing rapidly, not cyclical, and has relatively low fixed costs. It also notes that there are significant product differences between competitors, competitors are diversified rather than specialized, and it would not be hard to exit the industry due to a lack of specialized skills or long-term contracts.
The document discusses the characteristics of an industry, noting that the industry is growing rapidly, not cyclical, and has relatively low fixed costs. It also notes that there are significant product differences between competitors, competitors are diversified rather than specialized, and it would not be hard to exit the industry due to a lack of specialized skills or long-term contracts.
The document discusses the characteristics of an industry, noting that the industry is growing rapidly, not cyclical, and has relatively low fixed costs. It also notes that there are significant product differences between competitors, competitors are diversified rather than specialized, and it would not be hard to exit the industry due to a lack of specialized skills or long-term contracts.
2) The industry is not cyclical with intermittent overcapacity. 3) The fixed costs of the business are a relatively low portion of total costs. 4) There are significant product differences and brand identities between the competitors. 5) The competitors are diversified rather than specialized. 6) It would not be hard to get out of this business because there are no specialized skills and facilities or long-term contract commitments, etc. 7) My customers would incur significant costs in switching to a competitor. 8) My product is complex and requires a detailed understanding on the part of my customer.
9) My competitors are all of approximately the same size as I am.