Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

From the perspective of porter's five forces model, universal technical standards increases the threat of new entrants because they?

Sagot :

From the perspective of porter's five forces model, universal technical standards increases the threat of new entrants because they lower market entry costs.

What are porter's five forces?

  • Porter's Five Forces, a methodology that identifies and analyses five competitive forces that affect every business, can be used to determine an industry's weaknesses and strengths.
  • The Five Forces analysis is often used to determine an industry's structure in order to establish business strategy.
  • Porter's methodology can help any sector of the economy better understand industry competition and boost long-term profitability.
  • Following Harvard Business School professor Michael E. Porter, the Five Forces theory was developed.
  • These are Porter's five forces: The industry is rife with turmoil.
  • The possibility of new competitors entering the market
  • The impact of suppliers
  • The impact of consumers product replacement risk

Learn more about porter's five forces here:

https://brainly.com/question/12587672

#SPJ4

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.