Which of the five competitive forces is influencing a passenger train line, when a new automobile manufacturer causes a reduction in the number of people that ride trains? availability of substitutes threat of new entrants bargaining power of suppliers bargaining power of buyers rivalry among existing competitors?
The answer to this
question is “availability of substitutes“. The reduction
in the number of people riding trains is due to the fact that a new substitute,
automobile, is available in the market.
Hope that helps!
