In order for a managerial team to develop an effective strategy, they first need to assess the conditions under which the organization is operating. This activity is important because in order to successfully formulate business$-$level strategy and be compeutive, companles need to have an extensive understanding of their industries. Porter's Five Forces Model is one tool for accomplishing this task.

The goal of this activity is to test your knowledge of Porter's Five Compettive Forces.

Match each item to the force from Porter's Five Compettive Forces that it best describes.

$1$

Bargaining Power of

Suppliers

$2$

Rivalry Among

Compettors

$3$

Bargaining Power of

$4$

Threat of New

Threat of Substitute

Products or

Services

Match each of the options above to the ltems below.

Apple introduced its Homepod to the home sound system market that had been previously dominated by Sonos.

Walmart demanded that all its vendors cut their prices by $15$ percent.

If you don't like the price of something at your local store, you can probably find it online with two$-$day shipping at a lower price.

Consumers are drinking less diet soda in favor of things like flavored zero calorie water and fresh Juices.

On Amazon, the average product's cost changes every ten minutes based on data the company collects including rivals' prices.