Jessica is a tomato farmer. According to the Five Forces Framework, under which of the following...

Jessica is a tomato farmer. According to the Five Forces Framework, under which of the following conditions would she face the most intense competition?

		Each tomato farmer in the market produces its own hybrid variety of tomato.
		Jessica is one of 1,200 tomato farmers who sell in the same tomato market.
		There is little threat of new entrants into the market.
		There are six suppliers in the market for the main input used by farmers in the tomato market.
		The capital costs required to enter the tomato farming industry are very high.

Solutions

Expert Solution

Answer is B

Industry rivalry is high when: – There are number of small or equal competitors and less when there’s a clear market leader. Jessica is in agriculture business and industry rivalry is high. so this is the case of most intense competition that is she faces.

Rahul Sunny answered 2 years ago

Next > < Previous

Related Solutions

Use Porter's Five Forces Framework to evaluate the viability of entering an industry described in an...

Use Porter's Five Forces Framework to evaluate the viability of entering an industry described in an APA cited peer-reviewed article. No more than 150 words.

What is Porter’s Five Forces Framework? Please identify each force individually.

D. Describe FIVE basic elements of financial statements recognised under AASB Framework: The Framework for the...

D. Describe FIVE basic elements of financial statements recognised under AASB Framework: The Framework for the Preparation and Presentation of Financial Statements.

Provide brief description of 5 forces of microenvironment (according to Porter's framework) and indicate the strength...

Provide brief description of 5 forces of microenvironment (according to Porter's framework) and indicate the strength of each force that creates pressure on an insurance company (weak or strong). Conclude on potential Opportunities and Threats that arrive from 5 forces analysis.

Using the healthcare industry and the Five Forces Framework give a specific example (can be hypothetical...

Using the healthcare industry and the Five Forces Framework give a specific example (can be hypothetical or real) with a brief explanation of how each of the five forces might impact this industry/firm.

The STEEP, PEST or PESTLE model, Porter’s five forces model, and the SWOT framework. Each of...

The STEEP, PEST or PESTLE model, Porter’s five forces model, and the SWOT framework. Each of these models has a different focus and purpose in analysing and understanding the organisational business environment. Please explain each of these models and the purpose of how each model is used for businesses/organisations

Within the framework of the Five-Forces Model of Competition, describe the competitive force of buyer bargaining...

Within the framework of the Five-Forces Model of Competition, describe the competitive force of buyer bargaining power. What are some of the factors that influence the degree of buyer bargaining leverage? What competitive conditions would give buyers the maximum bargaining power in an industry?

Apply Michael Porter's Five Forces framework to Netflix for the years 1999 (when they started out)...

Apply Michael Porter's Five Forces framework to Netflix for the years 1999 (when they started out) and 2020. What are the main differences?

Which of the five forces are about the size of the value pie and which are...

Which of the five forces are about the size of the value pie and which are about the division of the pie? Explain

Using Porter’s Five Forces Framework, highlight the factors that would reduce sustainable industry profits (to near...

Using Porter’s Five Forces Framework, highlight the factors that would reduce sustainable industry profits (to near zero economic profit). These factors apply to any industry, but you may find it helpful to think of the airline industry in making your selections. Firms seeking to enter the industry faces high entry costs Customers view the industry products as commodities Firms must meet stringent government requirements Industry is highly concentrated with a few firms controlling much of the market The industry does not...

Subjects