Porter's Five Forces Model
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Porter's Five Forces Model

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Questions and Answers

What is a key factor that leads to potential development of substitute products?

  • Decrease in consumers' switching costs (correct)
  • Undesirable locations
  • Increase in consumer loyalty
  • Increase in prices of substitutes

    • What can increase the bargaining power of suppliers?

  • Forward integration
  • Many suppliers
  • Few substitutes (correct)
  • Low costs of switching raw materials

    • What is a barrier to entry that can be overcome by gaining economies of scale quickly?

  • Large capital requirements (correct)
  • Government regulatory policies
  • Strong brand preferences
  • Lack of experience

    • What is a characteristic of a market where consumer power is higher?

    <p>Products are standard or undifferentiated</p> Signup and view all the answers

    What is a type of integration that can increase the bargaining power of firms?

    <p>Backward integration</p> Signup and view all the answers

    What can increase the pressure of substitute products?

    <p>Decrease in prices of substitutes</p> Signup and view all the answers

    What is a barrier to entry that can be overcome by gaining technology and specialized know-how?

    <p>Lack of experience</p> Signup and view all the answers

    What can reduce the intensity of competition?

    <p>Products being differentiated</p> Signup and view all the answers

    What is a type of barrier to entry that can be created by government policies?

    <p>Tariffs</p> Signup and view all the answers

    What is a characteristic of a market where the bargaining power of suppliers is higher?

    <p>Few substitutes</p> Signup and view all the answers

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