GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not included in the five forces of competition?
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Strategic planning
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Threat of substitutes
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Bargaining power of suppliers
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Bargaining power of consumers
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Explanation:
Detailed explanation-1: -Political factor is not one of the Porter’s five force factor.
Detailed explanation-2: -Porter’s Five Forces are Threat of new entrants, Bargaining power of buyers, Bargaining power of suppliers, Threat of new substitutes, and Competitive rivalry. This framework helps strategists understand what makes an industry profitable and provides insights needed to make strategic choices.
Detailed explanation-3: -The answer is C. The bargaining power of unions is not included in Porter’s five competitive forces.
Detailed explanation-4: -Competitive Rivalry. Supplier Power. Buyer Power. Threat of Substitution. Threat of New Entry.
There is 1 question to complete.