Question

Which of the following offers an example where Porter's five forces are mostly weak and competition is low?

A. An international hotel chain purchasing milk.
B. A coffee shop.
C. A single consumer purchasing milk.
D. A dog walking business.

Answer 1

When competition is low and the forces are weak in Porter's five forces, it means there are few competitors and limited barriers to entry. A dog walking business is an example of this.

Step-by-step explanation:

In Porter's five forces framework, when competition is low and the forces are weak, it means that there are few competitors in the market and there are limited barriers to entry. One example of this is a dog walking business. In this case, there are usually only a few local dog walking businesses, and entry into the market is relatively easy without any major barriers.