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Big Box Parking ( BPP ) is the owner of five large parking garages in a growing metro area with dozens of parking garages. SpotHero
Big Box Parking BPP is the owner of five large parking garages in a growing metro area with dozens of parking garages. SpotHero is a parking reservation service that doesnt own any real estate, but helps drivers find and reserve parking in garages and lots, often at a discount to the driveup rate. SpotHero started providing information about available parking spaces in all garages in the metro area. Which of the following happened due to the arrival of SpotHero to the metro area?
A The buyer power of customers who are in need of parking spaces for their cars has been reduced.
B The supplier power of BPP and all other garage owners was reduced.
C A threat of a new entrant occurred, for BPP and all other garage owners
D A new entry barrier was formed for all car drivers
E None of the above are correct
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