In the Food Products Industry, what is the degree ( low, medium, high) for Porter’s Five...

In the Food Products Industry, what is the degree ( low, medium, high) for Porter’s Five Forces Model?

What methodology was used to collect and analyze the data? (2) Did the source collect the data? (3) When was the data collected? (4) Why was the data originally collected? (5) How dependable is the data's source?

Expert Solution

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Porter's five forces model represents a tool for understanding the forces that shape competition and helps in profitability. In the food products industry, it is used as the bargaining power of suppliers and buyers, the threat of new entrance, rivalry among the competition.

The five-porter Porter model is a tool for understanding the forces that shape competition and help to understand the benefit.

1. In the food manufacturing industry, it is used as bargaining power of suppliers and buyers, the threat of new entry, competition between competition, and determines the low, medium, high rate for these areas.

2. Yes, the source gathers information and these sources are commercial agencies, government regulations, market research agencies, etc.

3. The data are collected during the initial period of the porter-five force model to analyze the problem and the market situation of the product.

4. Data initially collected to analyze the strength and power of buyers and suppliers markets, threats of replacement products, the intensity of rivalry, threats of new access.

5. The model with five Porter products depends entirely on the source of their data and this data used to analyze the problem grows with the products on the market. Based on the source data user, describe how the product market can be improved and planned. If the source data is incorrect, then all planning goes wrong.

keosha answered 3 months ago

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