AUTO INDUSTRY CURRENT FORCES AFFECTING THE AUTO INDUSTRY

December 14, 2020 3 min read

Please answer these questions as they pertain to the data in the attachment. (Submit competitive structure and resources and begin industry threats and opportunities).

Justifies a competition classification for the industry.

Describes the size and strength of current key firms in the industry, as these determine ease of entry and exit for new entrants into the market.

Discusses changes in market structure, such as quantity and skill level of labor supply and quantity and quality of raw materials used in the production process.

Evaluates industry forecasts for costs of market variables,such as labor and raw materials.

Explains evidence of future shortages or higher costs for market variables (that is, what threats exist and how this is known). 

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