Porter's Competitor Analysis Framework

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is one threat included in Porter's Five Forces?

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1. What is bargaining power of suppliers?

2. If you sell in-home coffee makers, what is an example of a substitution product?

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About This Quiz & Worksheet

Access this quiz/worksheet assessment to quickly determine how much you understand about analyzing competition in business. You must have a thorough understanding of how and why Porter's Competitor Analysis is used and what it measures to complete all quiz questions.

Quiz & Worksheet Goals

Success on this quiz depends on your ability to:

  • Name a threat included in Porter's Five Forces
  • Explain what is meant by bargaining power of suppliers
  • Recognize a real-world example of a substitution product
  • Identify a factor of rivalry among competitors
  • Describe a reason for using Porter's Competitive Analysis Framework

Skills Practiced

  • Reading comprehension - ensure that you can draw the most important information from the lesson, such as why Porter's Competitive Analysis Framework is used
  • Information recall - access the knowledge you've gained regarding substitution products
  • Knowledge application - use your knowledge to answer questions about bargaining power of suppliers and rivalry among competitors

Additional Learning

Use the lesson titled Porter's Competitor Analysis Framework if you have determined you need further review of this topic. In this lesson, you will review the following:

  • What happens in regards to competition when the market is flat or declining
  • What alleviates the threat of new competition entering an industry
  • How some companies can reduce or eliminate the bargaining ability of buyers
Final Exam
Creating a Framework for Competitive Analysis
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