D Question 19 Match the Industry Characteristics to a the best Porter 5 Forces Model conclusion Many small competitors (rivals); many [ Choose ] substitute products; high supplier bargaining power; little investment required to start a new business or any other barrier to entry; limited ways to differentiate a product, unsophisticated buyer with some brand loyalty and moderate switching costs; and a low industry growth rate. High capital requirements; strong brand [ Choose ] loyalty: high economies of scale; differentiated products; strong brand loyalty; "civilized" (non-price related) competitive tactics Monopolistic competition; multiple [ Choose ] strategic groups some that complete on cost leadership, some that complete based on differentiation; strong brand loyalty reinforced by significant marketing expenses; psychological and monetary buyer switching costs; and low supplier bargaining powerbargaining power: little investme to start a new business or any other barrier to entry; limited ways to differentiate a product. unsophisticated buyer with some brand loyalty and moderate switching costs; and a low industry growth rate. High capital requirements; strong brand [ Choose ] loyalty: high economies of scale; differentiated products; strong brand loyalty: "civilized" (non-price related) competitive tactics Monopolistic competition; multiple [ Choose ] strategic groups some that complete on cost leadership, some that complete based on differentiation; strong brand loyalty reinforced by significant marketing expenses; psychological and monetary buyer switching costs; and low supplier bargaining power Concentrated, powerful supplier bargaining [ Choose ] power; significant investment required to enter the industry; high minimum efficient scale; monopolistic (rivals) competition; no (or very low) buyer switching costs; low brand loyalty; minor product differentiation between rivals; sophisticated buyers; and lots of substitutes