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Which one of the following elements is NOT in Porter's Five Forces?Question 13Select one:Select one:a.New competitors in a different marketb.New types of related products/servicesc.Bargaining power of customersd.Competitors

Question

Which one of the following elements is NOT in Porter's Five Forces?Question 13Select one:Select one:a.New competitors in a different marketb.New types of related products/servicesc.Bargaining power of customersd.Competitors

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Solution

The answer is:

a. New competitors in a different market

Explanation:

Porter's Five Forces include:

  1. Threat of new entrants: This refers to the potential for new competitors to enter the same market, not a different one.

  2. Threat of substitute products or services: This refers to the potential for new types of related products or services that could replace the company's offerings.

  3. Bargaining power of customers: This refers to

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