BS A2

  • Created by: Mike Wong
  • Created on: 04-05-18 15:56
Porter's Five Forces Model (Definition)
The model is a framework for analysing the nature of competition within an industry.
1 of 6
Bargaining Power of Customer
How much power the customers have on the business
2 of 6
Bargaining Power of Supplier
How much power the suppliers have on the business
3 of 6
Threat of substitute product
The possibility of new businesses entering the industry
4 of 6
Threat of market entry
How much power the supplier has on the business
5 of 6
Degree of competitive rivalry
How strong is the rivalry between businesses
6 of 6

Other cards in this set

Card 2

Front

How much power the customers have on the business

Back

Bargaining Power of Customer

Card 3

Front

How much power the suppliers have on the business

Back

Preview of the back of card 3

Card 4

Front

The possibility of new businesses entering the industry

Back

Preview of the back of card 4

Card 5

Front

How much power the supplier has on the business

Back

Preview of the back of card 5
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