Porters 5 Forces Flashcards
1
Q
What is the Porters 5 Forces Model
A
A model that identifies the 5 competitive forces that influence the level of competition in the market
2
Q
What are the 5 Forces?
A
1) Threat of new entrants
2) Customer Bargaining Power
3) Supplier Bargaining Power
4) Threat of substitute products
5) Rivalry among existing firms
3
Q
What can Porters 5 Forces model be used for?
A
The key factors affecting an organisation
Opportunities available
Threats to be considered
