The bargaining power of customers in the household electrical industry. Industry customers may be consumers or users of industry products, or buyers of goods. The bargaining power of the customer is reflected in whether it can prompt the seller to lower the price, improve the product quality or provide better service.
The bargaining power of the supplier in the household motor industry is reflected in whether the supplier can effectively force the buyer to accept higher price, earlier payment time or more reliable payment method.
The threat of potential competitors in the household motor industry, potential competition for those enterprises that may enter the industry to participate in the competition, they will bring new production capacity, share the existing resources and market share, the result is the industry production cost rises, market competition intensifies, product price decreases, industry profit decreases.
The pressure of substitute products in household motor industry refers to the competition pressure of products that have the same function or meet the same demand and can be replaced with each other.
