Homework SourseDescribe how the rise of the Internet has impacted each of P
Solution
Porter\'s five force much relevant in this present market world .
Porter\'s five forces framework is tools for analysing the level of competition of a business.
Porter\'s five forces
1) Threat of new entrants
2) Threat of substitutes
3) Bargaining power of customers
4) Bargaining power of suppliers
5) Industry revalry
Internet has given the new plateform to the Porter\'s five force and all the Porter\'s business competition concept are in much in use .
The threat of new entrants concept impacted by the internet , internet created variety of competitors and firms are taking easy to enter in market because facebook, LinkedIn, twitter and other social media portal making the promotion practices easy.
Internet has a very depth of customers access and e-commerce companies are easily entering in business practices ,all these things became possible by the internet.
As internet has given a huge number of competition in the market , Porter\'s five forces framework like threat of substitutes ,in e-commerce business substitutes products are easily available in the market.
Process of entering in the market through the use of internet became more and more easy.
Internet has created a large number of products that leaded to more and more bargaining power to customers.
Buyer are very much comfortable in bargaining the products due to the use of internet .
E-commerce business have given a new plateform to the buyer in the matter of bargaining power ,that all are possible with the use of internet.
Bargaining power of suppliers all possible with the use of internet because by popularity of internet ,small and large manufacturer are present at the same plateform.
Competitive revalry are mostly possible through the use of internet and internet has made access of all the details related to the market and companies.
