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Porters 5 forces

Authored by Preethi S

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University

Used 2+ times

Porters 5 forces
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10 questions

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1.

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

Marketing strategy

Industry rivalry

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the threat of new entrants depend on?

Market demand

Barriers to entry

Number of existing suppliers

Advertising costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When buyers have high bargaining power, businesses may have to:

Lower prices or improve quality

Increase production costs

Reduce the number of suppliers

Stop selling their products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following increases the threat of substitutes?

High switching costs for customers

Unique product features

Many alternative products available

Strong brand loyalty

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A strong brand and customer loyalty can help reduce:

Industry rivalry

Threat of new entrants

Bargaining power of suppliers

Market demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If there are only a few suppliers in an industry, their bargaining power is:

Low

High

Unaffected

Dependent on customer demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when industry rivalry is high?

Companies enjoy higher profits

Businesses must compete aggressively

Fewer firms enter the industry

Supplier power increases

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