List the Five Forces Identified by Michael Porter That Determine

question 13

Essay

List the five forces identified by Michael Porter that determine the intrinsic long-run attractiveness of a market or market segment.

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Definitions:

Price

The cost at which something is being sold, reflecting the value that consumers or purchasers assign to a good or service.

Utility

An economic term referring to the total satisfaction received from consuming a good or service.

Marginal Utility

The increased gratification or utility derived from the consumption of an extra unit of a good or service.

Energy Drink

A type of beverage containing stimulant compounds, usually caffeine, that is marketed as providing mental and physical stimulation.