5

Which one of these is one of porters 5 forces?

• Rafael Nadal

• Power of suppliers

• A franchiser

How does porters 5 forces effect a business?

• It builds a image of the business’ competitive environment

• Peter Piper picked a peck of pickled peppers. A peck of pickled peppers Peter Piper pickedIf Peter Piper picked a peck of pickled peppers. Where’s the peck of pickled peppers Peter Piper picked?

• a sole trader has unlimited liability

• It takes an hour to walk from West Bromwich

Competition from

competitors is one of the 5 forces. What does it mean?

• When two business are entering a joint venture

• If there are more company’s within a market that means that each business has less power with suppliers

• Betty Botter bought some butter But she said the butter’s bitter If I put it in my batter, it will make my batter bitter But a bit of better butter will make my batter better So ‘twas better Betty Botter bought a bit of better butter

Is how easy it is to enter a market one of porters 5 forces

• Yes

• No

• How much wood would a woodchuck chuck if a woodchuck could chuck wood?He would chuck, he would, as much as he could, and chuck as much wood As a woodchuck would if a woodchuck could chuck wood

Competition of customers means

• How each person fights to buy a limited edition project

• She sells seashells by the seashore

• how many buyers or customers a company has, how significant each customer is, and how much it would cost a company to find new customers or markets for its output.

Which one is one of porters 5 forces

• Threat of substitutes

• Evan Barker

• economies of scale

• Percentage change in demand