Porter's Five Force Model

Porter's Five Force Model

University

15 Qs

quiz-placeholder

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Porter's Five Force Model

Porter's Five Force Model

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Samy Saeed

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Porter's Five Forces Model?

A framework for assessing and evaluating the competitive strength and positions of a business organization.

A marketing strategy for increasing sales.

A financial analysis tool.

A customer service guideline.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT included in Porter's Five Forces framework?

Threat of Substitute Products

Competitive Rivalry

Market Penetration Strategies

Bargaining Power of Customers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which force in Porter's Five Forces Model is concerned with the ability of customers to influence pricing and terms?

Bargaining Power of Buyers

Bargaining Power of Suppliers

Threat of New Entrants

Rivalry among Existing Competitors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which force in Porter's Five Forces Model deals with the influence suppliers have on the production process?

Bargaining Power of Buyers

Bargaining Power of Suppliers

Threat of New Entrants

Rivalry among Existing Competitors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The threat of new entrants depends upon the height of ________ in the market.

entry barrier

profit margin

market share

customer loyalty

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Powerful suppliers capture more of the value for themselves by ________ higher prices, limiting quality or services, or shifting costs to industry participants.

charging

avoiding

ignoring

reducing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Refer to the image of the two snack bags at the bottom right. These are examples of ________ products.

substitute

complementary

luxury

inferior

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