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QUESTION 18 You are trying to open a fast food location at a large food court of a busy shopping mall. Due to intense competition
QUESTION 18
- You are trying to open a fast food location at a large food court of a busy shopping mall. Due to intense competition and limited space at the food court, the Mall administration is very selective in their tenant screening. The application to rent a location requires you to submit a detailed explanation of why you should be given a location. To support your argument of future profitability, you have conducted a porter's 5-Force analysis to include this with your application.According to Porter's five forces model, your customer's choice of lunch options would be an example of a strong force for ____________
- a.bargaining power of customers over the price
- b.industry power
- c.threat of new entrants
- d.rivalry among existing businesses
- e.threat of substitutions
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