In order for a managerial team to develop an effective strategy, they first need to assess the conditions under which the organization is operating under and existing in. There are several tools available to managers to accomplish this end. One of these tools, Porters Five Competitive Forces, allows managers to assess the level of competitiveness within a particular industry. According to strategy expert Michael Porter, business-level strategies originate within the five primary competitive forces of threats of new entrants, bargaining power of suppliers, bargaining power of buyers, threats of substitute products or services, and rivalry among competitors. This exercise will test your knowledge of Porters Five Competitive Forces.

Match each item with the related competitive force from Porter's Five Competitive Forces. For example, the statement "Most of Apple's customers are loyal "fanatics" who buy into the brand more so than the products" would impact the "Bargaining Power of Buyers".

1. Chipotle suffered financial losses due to a nationwide shortage of pork needed for their "carnitas" meat. Bargaining Power of Suppliers 2. Apple gets all of its glass from one company (Corning). (Yes, that's the same company who likely made your grandma's white casserole dish with blue flowers!). Threat of New Entrants 3. You can get almost anything on the Internet these days. Bargaining Power of Buyers 4. TD Ameritrade provides investors with access to direct stock trading. In the past, you had to go through a financial planner to make investments in the stock market. Threat of New Entrants 5. Popeyes tweets @Chickfila that it "perfected" the chicken sandwhich. Rivalry Among Competitors 6. The cost of switching from an Apple to a PC is very high. Threat of Substitute Products or services 6. The cost of switching from an Apple to a PC is very high. Threat of Substitute Products or Services V 7. Whole Foods does not price match (Hint: no price wars here!) Bargaining Power of Suppliers 8. Coca Cola has a strong brand image. Threat of New Entrants 9. Tesla is spending billions of dollars to develop self-driving cars. Rivalry Among Competitors 10. Jif is beginning to offer other more "allergen-friendly" buttery spreads. Threat of Substitute Products or Services v 11. Fairlife milk products were pulled from grocery store shelves after animal rights violations were uncovered. Threat of New Entrants