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 minicase 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 costeffective alternatives.Pricesensitive customers have a wide range of options, from budgetfriendly 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 eg CrossFit, yoga Luxury fitness centers with spas and pools target highend customer.According to your understanding to the case with regard to porter forcesAnswer the following questionsQuestion : The threat of new entrants in the previous case is Blank Question Question : The Bargaining power of suppliers is Blank Question Question : The Bargaining power of buyers is Blank Question Question : The Threat of substitutes is Blank Question Question : The competitive rivalry is Blank Question
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