Final answer:
The threats these forces pose are as follows:
1. Threats of intense segment rivalry.
2. Threat of new entrants.
3. Threat of substitute products.
4. Threats of buyers' growing bargaining power.
5. Threat of suppliers' growing bargaining power.
Step-by-step explanation:
Evidence of serious competition between firms in an industry can manifest in several forms, according to the framework developed by Michael Porter. Porter has identified five forces that determine the intrinsic long-run attractiveness of a market or market segment, which include industry competitors, potential entrants, substitutes, buyers, and suppliers. One dynamic, the threat of intense segment rivalry, becomes evident through aggressive advertising campaigns, price competition, product innovations, and increased customer service offers.
Two highly competitive industries include the technology industry, where companies are constantly innovating and seeking to outdo each other with new features and services, and the airline industry, known for its fierce competition on price, routes, and customer experience.
The rapidly evolving landscape of the technology industry, propelled by globalization and advancements in communications and information technology, has increased competition on a global scale. Simultaneously, the airline industry operates in a high fixed-cost environment, leading airlines to aggressively compete to fill seats and secure market share, often resulting in price wars and loyalty programs aimed at regular travelers.
Your question is incomplete, but most probably your full question was
Michael Porter has identified five forces that determine the intrinsic long-run attractiveness of a market or market segment: industry competitors, potential entrants, substitutes, buyers, and suppliers. The threats these forces pose are as follows: