words requirement is 700 for EACH QUESTION. Answer should be in ESSAY. Do not copy from internet. Answer should be accurate. Thank you in advance Please follow the requirement

Question 3

By using Michael Porter's five forces model, (Must choose one industry any of your choice.)

you only choose one force model from Michael porter's five forces model.

Q3. Porter's Five Forces model Threat of New Entrants: Competitive Rivalry: Barriers to entry Number of competitors Economies of scale Diversity of competitors . Brand loyalty Industry concentration . Capital requirements Industry growth Cumulative experience Quality differences Government policies Brand loyalty Access to distribution channels Threat of New Barriers to exit Switching costs Entrants Switching costs Bargaining Power Frivalry Among Bargaining Power Existing of Suppliers of Buyers Compcutors Supplier Power: Buyer Power: Number and size of suppliers Number of customers . Uniqueness of each supplier's Size of each customer order product Threat of Differences between Focal company's ability to Substitutes competitors substitute Price sensitivity Buyer's ability to substitute Threat of Substitution: Buyer's Information availability . Number of substitute products Switching costs available Buyer propensity to substitute Relative price performance of substitute Perceived level of product differentiation Switch costs