BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Political factor is not one of the Porter’s five force factor. The Porter’s five forces tool is a simple but powerful tool to evaluate the power of business. Porter’s Forces Analysis assumes that there are important forces that determine competitive power in a business situation.

Detailed explanation-2: -These forces include the number and power of a company’s competitive rivals, potential new market entrants, suppliers, customers, and substitute products that influence a company’s profitability.

Detailed explanation-3: -The Threat of New Entrants, one of the forces in Porter’s Five Forces industry analysis framework, refers to the threat that new competitors pose to current players within an industry. It is one of the forces that shape the competitive landscape of an industry, and it helps determine the attractiveness of the industry.

Detailed explanation-4: -The threat of new entrants is one of Porter’s Five Forces for evaluating a company’s competitive position. The threat of new entrants refers to how easy it is for new competitors to enter your industry.

Detailed explanation-5: -In Porters five forces, threat of new entrants refers to the threat new competitors pose to existing competitors in an industry. Therefore, a profitable industry will attract more competitors looking to achieve profits.