Question

The state of competition in an industry is a function of: Select one: a. The competitive pressures associated with rivalry among competing sellers to attract customers and their attempt to win buyers over to their substitute products b. Competitive pressures associated with the threat of new entrants into the marketplace c. Competitive pressures associated with the bargaining power of suppliers and customers d. All of these

Answer 1

Answer:D

Explanation:

Porter's 5 forces is the outline used in this question.

Answer 2

Answer:

The correct answer is letter "D": All of these.

Explanation:

Porter's Five Forces is a scheme of analysis developed by American economist Michael E. Porter (born 1947). It helps managers to determine the level of competition within the industry.

• The first force analyzes the ease of marketplace entry for new participants.  
• The second factor measures the number and operation of a company's rivals.
• The third element is the likelihood of a new good or service entering the market that will diminish the sales of existing goods.
• The four-factor is that industry suppliers have negotiating power.
• The fifth factor is the bargaining power of customers.