Entry barriers impact the ___________ in Porter's competitive forces model.

Question

Quizplus · Accepted Answer

Entry barriers directly impact the threat of new entrants into the industry, as high barriers make it difficult for new competitors to enter the market. This is one of the five forces in Porter's model, which also includes the bargaining power of customers and suppliers, rivalry among existing firms, and the threat of substitute products or services.

Entry Barriers Impact the ___________ in Porter's Competitive Forces Model