Question: Porter's Five Forces Model - Part 1 Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess
Porter's Five Forces ModelPart
Porter's Five Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an in purpose is to combat these competitive forces by identifying opportunities, competitive advantages, and competitive intelligence. It is important to understand because If the forces are strong, they increase competition; if the forces are weak, they decrease competition.
The goal of this activity is for you to identify the forces in Porter's model.
Instructions: Match each of the forces in Porter's Five Forces Model to its correct description.
Rivalry among
Buyer power
Supplier power
Threat of new entrants
Threat of substit products or sen
Match each of the options above to the items below.
The power of suppliers to drive up prices of materials
The power of competitors
The power of competitors to enter a market
The power of customers to drive down prices
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
