9. Will each of the following exemplary industry conditions make that industry more or less attractive? Explain

Question:

9. Will each of the following exemplary industry conditions make that industry more or less attractive? Explain your answer with reference to the corresponding force in Porter’s five forces model for analyzing the industry structure.

a. Government policies in favor of existing industry participants (e.g., trade restrictions or laws)

b. Existence of many entirely different/alternative products that fill the same need as the focal firm’s product but in a different way

c. Buyers have high switching costs

d. A large number of competitors in a market with slow or declining growth

e. A large number of buyers for the firm’s output

f. Highly differentiated supplier products

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