Draw the Five Forces Model of Competition and Briefly Describe

question 128

Essay

Draw the five forces model of competition and briefly describe the relevance of each of the five forces in determining the overall strength of competitive pressures a company faces. Which of the five competitive forces is typically the strongest?

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Definitions:

Gases

Substances that exist in a state that fills any container uniformly, without a definite shape or volume, such as oxygen or nitrogen.

Vapors

Gaseous forms of substances which are liquid or solid at room temperature, often produced by evaporation or sublimation.

Prime Mover

The initial mechanical source of motive power. In the context of a hydraulic circuit, the means used to drive the hydraulic pump would be properly the prime mover, although the term is sometimes used to describe the pump itself.

Hydraulic

Hydraulic systems use pressurized fluid to power devices or machinery, transferring energy through the controlled movement and pressure of a liquid, typically oil or water.