Question: This is a subjective question, hence you have to write your answer in the Text-Field given below. 75244 There were 3 cases discussed in class

This is a subjective question, hence you have to

This is a subjective question, hence you have to write your answer in the Text-Field given below. 75244 There were 3 cases discussed in class (airlines, IT, and automotive) which revolved around Porter's 5 Competitive Forces. A friend of yours was planning to enter the market for herbal personal care products such as creams, lotions, soaps, etc. Based on what you understand from the 5 Force analysis, what would you recommend to this friend? You should offer your advice based on the barriers to entry and the bargaining power of buyers (not all 5 forces). You need to show clear reasons for your suggestions. [6]

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