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Consulting Case Interview Practice Questions

Category - Strategy

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Other than current industry competitors and potential entrants, what are Porter’s Five Forces? Select three of the following:

Barriers to entry
Bargaining power of buyers
Bargaining power of suppliers
Threat of substitutes
Distribution channels

Explanation

Answer: b, c and d - Bargaining power of buyers, bargaining power of suppliers and threat of substitutes are three of theFive Forces in addition to current industry competitors and potential entrants.

Key Takeaway: A lot of people think barriers to entry is one of the Five Forces. Barriers to entry keep potential entrants out. Don’t confuse them with one of the forces.

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Consulting Case Interview Practice Questions

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Consulting Case Interview Practice Questions

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