Threat of Substitutes for Products or Services: Porter's Five Forces

Instructions:

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

question 1 of 3

Which of the following is NOT one of Porter's Five Forces?

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1. According to Porter's Five Forces, what is the definition of a substitute?

2. According to Porter's Five Forces, which of the following is an example of substitute products?

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About This Quiz & Worksheet

Test your knowledge of the threat of substitutes in Porter's Five Forces with this quiz/worksheet combo. Answer questions on areas that include identifying the Forces individually and knowing what a substitute is.

Quiz & Worksheet Goals

The following will be covered:

  • Identify substitute products from a list
  • Determine how the chances of substitutes in the market are increased
  • Understand in what way the risk of substitutes can be diminished

Skills Practiced

  • Distinguishing differences - compare and contrast topics from the lesson, such as increasing the chance of substitutes in the market and minimizing the risk of substitutes
  • Reading comprehension - ensure that you draw the most important information from the related lesson on the threat of substitutes in Porter's Five Forces
  • Interpreting information - verify that you can read information regarding what a substitute is and interpret it correctly

Additional Learning

For additional perspective on this topic, we've created the lesson named Threat of Substitutes for Products or Services: Porter's Five Forces. You'll be going over the following in further detail:

  • Why the Five Forces were initially developed
  • The impact of product price and availability
  • What differentiating is
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