Economics · Market Structures and Michael Porter's Five Forces
In the context of strategic positioning and evaluating market attractiveness, Michael Porter identifies five structural competitive forces. Which of the following correctly lists these five strategic challenges?
- 1Threat of new entry, Competitive intensity of rival firms, Bargaining power of suppliers, Bargaining power of buyers, Threat from substitute products✓
- 2Threat from substitute products, Threat of new entry, Competitive intensity of rival firms, Bargaining power of suppliers, Bargaining power of buyers
- 3Threat from substitute products, Threat of new entry, Bargaining power of buyers, Bargaining power of suppliers, Competitive intensity of rival firms
- 4Competitive intensity of rival firms, Bargaining power of suppliers, Threat of new entry, Bargaining power of buyers, Threat from substitute products
Correct answer
Threat of new entry, Competitive intensity of rival firms, Bargaining power of suppliers, Bargaining power of buyers, Threat from substitute products
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