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Is the deodorant market an oligopoly or monopolistic competition and why? According to some, supplier power and substitution power in the industry is very low.
Is the deodorant market an oligopoly or monopolistic competition and why? According to some, supplier power and substitution power in the industry is very low. Are they correct? Please briefly explain/defend your position. Lastly, which of Porter's five forces (i.e, supplier power, buyer power, competitive rivalry, threat of substitution, threat of new entry) worries you the most if you are a CPG manufacturer considering entering the deodorant market? Thank you.
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