The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter’s five forces model, this statement illustrates ________.

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter’s five forces model, this statement illustrates ________.
A) low threat of substitutions
B) high bargaining power of suppliers
C) high levels of rivalry
D) low bargaining power of customers
E) low levels of rivalry
Answer :

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