12-Gates

Which tool is used to analyze the five competitive forces of an industry that helps determine an industry's weaknesses and strengths?

• SWOT Analysis

• Porter’s Five Forces

• TOWS Analysis

• None of the above

Which of the following statements regarding Porter’s Five Forces is correct?

• . Porter’s Five Forces is especially useful when starting a new business or when entering a new industry sector.

• Porter’s Five Forces is a comparative analysis strategy that was devised by Prof. Michael E. Porter

• . Both A and B are correct

• Both A and B are incorrect

Which force in Porter’s five forces examines how intense the current competition is in the marketplace?

• Power of suppliers

• Threats of new entrants

• Power of buyers

• Existing industry rivalry

This force determined by how easy it is for your suppliers to increase their prices.

• Power of suppliers

• Threats of new entrants

• Power of buyers

• Existing industry rivalry

Complete the sentence: Fewer suppliers mean costs for the companies, fewer suppliers mean the power the suppliers have.

• higher, more

• lower, more

• higher, less

• None of the above

This is the strength of the customers to drive down the prices

• Power of suppliers

• Threats of new entrants

• Power of buyers

• Existing industry rivalry

Number of suppliers, size of suppliers, and supplier’s ability to substitute is what Porter’s force?

• Power of suppliers

• Threats of new entrants

• Power of buyers

• Existing industry rivalry

When the companies can easily enter the market, it means that there is degree of competition.

• higher

• decrease

• lower

• None of the above

The strength of competition in the industry.

• Power of suppliers

• Threats of new entrants

• Threat of substitute products or services

• Existing industry rivalry

This refers to the likelihood of your customers finding a different way of doing what you do.

• Power of suppliers

• Threats of new entrants

• Threat of substitute products or services

• Existing industry rivalry