Michael Porter argued in his paper on the influence of the Internet on the Five Forces Model, that the Internet _______________.Question 3AnswerSelect one or more:a.expands the size of the market, increasing the threats of substitutesb.increases differences among competitors, increasing rivalry•c.allows companies to have access to more suppliers, decreasing the bargaining powerd.makes it hard to keep intellectual property proprietary, decreasing the barriers of entry

Michael Porter argued in his paper on the influence of the Internet on the Five Forces Model, that the Internet allows companies to sustain a competitive advantage through operational efficiencies, such as lowering the costs of selling products on the Internet, compared to physical stores.Question 10Select one:TrueFalse

How does the threat of substitutes impact industry dynamics according to Porter's Five Forces model?  A. Encourages price competition  B. Increases switching costs  C. Reduces buyer power  D. Forces companies to innovate

13.How does the bargaining power of suppliers impact the competitive landscape within an industry according to Porter's Five Forces?  A. Reduces production costs  B. Influences product quality and pricing  C. Enhances buyer power  D. Encourages market saturation

Which of the following is not a limitation of Porter's Five Forces model?Group of answer choicesCan help predict specific competitor’s behaviourLack of empirical evidenceDoes not address the size of the demand and its growthCan not explain why some firm’s perform better than others in the same industry

Which of the following is NOT one of Porter’s five forces?Question 4Select one:Power of SuppliersStrength of Entry barriersCompetitive RivalryThreat of Substitutes