Porters 5 Forces

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  • Created by: Quila
  • Created on: 08-01-18 14:08

1. Which of the following does this definition apply to: The threat to existing firms in an industry from new firms entering the industry and setting up in competition.

  • Substitute Power
  • Rivalry
  • Entry Threat
  • Supplier Power
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Other questions in this quiz

2. Which of the following does this definition apply to: Factors that obstruct or restrict the entry of new firms into an industry or market.

  • Buyer Power
  • Barriers to Entry
  • Substitute Threat
  • Rivalry

3. Which is the correct definition of Porters 5 Forces?

  • A model that highlights different management styles.
  • It measures the sensitivity of demand to changes in income.
  • A model that analyses the competitive environment in which the business operates.
  • A technique that allows an organisation to assess its overall position.

4. Would expired patents affect entry threat?

  • Yes
  • No
  • Depends on type of business.
  • Yes, but only if the unit costs are low.

5. Which of the following is not included in Porters 5 forces?

  • Pay Bargaining
  • Threat of Entry
  • Bargaining Power of Suppliers
  • Competitive Rivalry Within the Industry

Comments

ayrton.silcock

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not bad, but could do with improving

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