Question: What are the five factors that affect competitive rivalry in the market environment according to Porter s Five Forces model? Question 1 Answer a .
What are the five factors that affect competitive rivalry in the market environment according to Porters Five Forces model?
Question Answer
a
Number of competitors; variety of competitors; differences in products; differences in quality; industry balance.
b
Threat of new entrants; threat of substitute products; bargaining power of buyers; bargaining power of suppliers; industry growth.
c
Product differentiation; product innovation; product quality; product price; product promotion.
d
Customer loyalty; customer satisfaction; customer needs; customer preferences; customer feedback.
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