Question: Read this mini - case carefully and answer all questionsFitness industry in Egypt is growing; entering the fitness market requires significant capital for equipment, space,

Read this mini-case carefully and answer all questionsFitness industry in Egypt is growing; entering the fitness market requires significant capital for equipment, space, and branding. However, franchising opportunities with international brands are readily available. Equipment suppliers are numerous and competition is tough, driving down prices. Additionally, local manufacturers are emerging, offering cost-effective alternatives.Price-sensitive customers have a wide range of options, from budget-friendly neighborhood gyms to luxury fitness centers. Online fitness platforms and home workout equipment add to the competitive landscape.Outdoor exercise, parkour groups, and home workout apps and videos provide alternative fitness options at lower costs. However, the social aspect and professional guidance offered by gyms remain valuable differentiators.The market is fragmented, with various players catering to different segments. Budget chains like Fitness First compete with boutique studios offering specialized workouts (e.g., CrossFit, yoga). Luxury fitness centers with spas and pools target high-end customer.According to your understanding to the case with regard to porter 5 forcesAnswer the following questionsQuestion 1: The threat of new entrants in the previous case is_______? Blank 1 Question 1 Question 2: The Bargaining power of suppliers is__________? Blank 2 Question 1 Question 3: The Bargaining power of buyers is__________? Blank 3 Question 1 Question 4: The Threat of substitutes is________? Blank 4 Question 1 Question 5: The competitive rivalry is_________? Blank 5 Question 1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!