heri owns one of three shoe repair shops in his city. then he loses some of his customers when a luggage repair shop expands its services to include shoe repair as well as luggage repair. which of the five forces in the five force framework is heri facing when the luggage shop expands its services? threat of existing competitors bargaining power of buyers threat of entry threat of potential substitutes

Respuesta :

According to the question, the Threat of entry is the right answer. Therefore option B is correct.

What are Customers?

An individual or corporation that purchases products or services from another company is known as a customer. Customers are crucial to businesses because they generate income; without them, they would cease to exist. All organizations fight with one another to draw clients, whether through aggressive product promotion, price reductions to increase clientele or the creation of distinctive goods and experiences that clients adore.

Because satisfied consumers are more inclined to recommend businesses that meet or surpass their expectations, the proverb "the customer is always right" is one that is frequently upheld by businesses. As a result, many businesses keep a careful eye on their client interactions in order to get input on how to enhance their product offerings. There are several methods to classify customers. Customers are often divided into internal and external categories.

To learn more about Customers follow the link.

https://brainly.com/question/14933783

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Your Question was incomplete but most probably your question was.

Heri owns one of three shoe repair shops in his city. then he loses some of his customers when a luggage repair shop expands its services to include shoe repair as well as luggage repair. which of the five forces in the five force framework is heri facing when the luggage shop expands its services? threat of existing competitors bargaining power of buyers threat of entry threat of potential substitutes

Bargaining power of buyers

Threat of entry

the threat of potential substitutes

the threat of existing competitors