Porter's Five Forces: Definition & Examples

1. If it's easy to substitute one product for another in an industry, which of Porter's Five Forces tells us to be cautious about entering?

• Threat of new entrants

• Threat of substitute products

• Competitive rivalry

• Bargaining power of suppliers

Of Porter's Five Forces, which force has the greatest influence on whether an industry would be profitable?

• Bargaining power of customers

• Threat of new entrants

• Threat of substitute products

• Competitive rivalry

When buyers are able to join together to put pressure on a supplier, this is which of Porter's Five Forces?

• Competitive rivalry

• Bargaining power of customers

• Threat of new entrants

• Threat of substitute products

Which of Porter's Five Forces tell us that in an industry with a lot of patents it might be difficult to gain a competitive advantage if you are new to the industry?

• Threat of new entrants Bargaining power of suppliers Competitive rivalry Threat of substitute products

• Bargaining power of suppliers

• Competitive rivalry

• Threat of substitute products

When suppliers are limited or inputs are scarce, which of Porter's Five Forces are at play?

• Threat of new entrants

• Competitive rivalry

• Threat of substitute products

• Bargaining power of suppliers