Question

Question 6 of 2 Question 6 0.5 points You own an ice cream store whose target market is neighborhood kids who want a place to hang out with their friends after school and on weekend evening Avideo arcade opens up across the street. This is an example of which of Porter's five forces? Bargaining power of customers Potential new entrants The video arcade is not a competitive threat because it's a different business Bargaining power of suppliers Threat of substitutes Moving to another question will save this response.

Answer 1

Potential new entrance

this is an example of potential new entrance as a new Industry that is video Arcade open in the market and make the other market stores attractive. they work as a new competitor and compete with existing Icecream store and reduced the profit potential of the ice cream store.

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