Question

What are the SIX competitive forces (Porter's five plus one more)?

a. Bargaining Power of Buyers, Threat of New Entrants, Bargaining Power of Suppliers, Threat of Substitutes, Intensity of Rivalry, Technological Forces
b. Legal Forces, Political Forces, Economic Forces, Sociocultural Forces, Environmental Forces, Technological Forces
c. Competitive Forces, Regulatory Forces, Economic Forces, Social Forces, Technological Forces, Environmental Forces
d. Threat of Regulation, Bargaining Power of Customers, Threat of Substitutes, Competitive Rivalry, Bargaining Power of Suppliers, Technological Forces

Answer 1

The six competitive forces are Threat of Regulation, Bargaining Power of Customers, Threat of Substitutes, Competitive Rivalry, Bargaining Power of Suppliers, and Technological Forces.

Step-by-step explanation:

The correct answer is d. Threat of Regulation, Bargaining Power of Customers, Threat of Substitutes, Competitive Rivalry, Bargaining Power of Suppliers, Technological Forces.

These six competitive forces are known as Porter's Five Forces plus one more. They are important factors to consider when analyzing an industry's competitiveness and profitability.

The Threat of Regulation refers to the extent to which government regulations can impact a company's operations and competitiveness. The Bargaining Power of Customers refers to the ability of customers to influence pricing and terms of sale. The Threat of Substitutes refers to the availability of alternative products or services that can fulfill the same need. The Competitive Rivalry refers to the intensity of competition among existing players in the industry. The Bargaining Power of Suppliers refers to the ability of suppliers to influence the terms and conditions of supply. And finally, Technological Forces refer to the impact of technology on the industry and its competitive dynamics.