Understanding Porter's Five Forces

Understanding Porter's Five Forces

12th Grade

24 Qs

quiz-placeholder

Similar activities

Planning a Persuasive Message

Planning a Persuasive Message

12th Grade

20 Qs

Spanish Quiz

Spanish Quiz

3rd - 12th Grade

20 Qs

Edexcel business A level gce year 1 revision

Edexcel business A level gce year 1 revision

12th Grade

20 Qs

Taglines

Taglines

KG - Professional Development

25 Qs

Types of Business Ownership

Types of Business Ownership

11th - 12th Grade

20 Qs

Managerial Roles and Responsibilities

Managerial Roles and Responsibilities

9th - 12th Grade

20 Qs

U3T1 Competitive Markets  QCE

U3T1 Competitive Markets QCE

12th Grade

20 Qs

ACCTG 22 Final Quiz

ACCTG 22 Final Quiz

12th Grade

20 Qs

Understanding Porter's Five Forces

Understanding Porter's Five Forces

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Kemi Osoba

Used 2+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of strategic management?

To maximise short-term profits

To achieve a sustainable competitive advantage

To minimise costs

To increase market share

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of Porter's Five Forces?

Threat of New Entrants

Bargaining Power of Suppliers

Technological Innovation

Industry Rivalry

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the 'Threat of New Entrants' refer to in Porter's Five Forces?

The potential for new companies to enter the industry and increase competition

The risk of existing companies leaving the industry

The likelihood of suppliers increasing their prices

The possibility of buyers switching to alternative products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of a competitive advantage?

It is easily replicable by competitors

It is temporary and short-lived

It provides a unique value to customers

It is based solely on price reductions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor can increase the bargaining power of suppliers?

A large number of suppliers

High switching costs for buyers

Low demand for the supplier's products

Availability of substitute products

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a company reduce the threat of substitutes?

By increasing product prices

By enhancing product differentiation

By reducing marketing efforts

By limiting distribution channels

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'Industry Rivalry' refer to in Porter's Five Forces?

The competition between a company and its suppliers

The competition among existing firms in the industry

The competition between a company and its buyers

The competition between a company and potential new entrants

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?