Question

Please discuss and explain in detail.

Please discuss the Five Forces of Porters for Medicare in depth and give a rating on each force .1 being the highest level threat to .0 being the lowest level. Thank you

Answer 1

In Medicare department below are five forces a model :-

Bargaining power of Suppliers :-

In medicare sector bargaining power of Suppliers is not much because there are many suppliers available. Perfect competitive market.

Threats of new entraints

This is perfectly competitive market where impact of new entrant will depend on size and goodwill.

Threats of substitute

In medicare medicines are available in every range so substitute have strong impact

Bargaining power of buyer

Bargaining power of buyer is high in perfect competitions and profit margin is less.

Rivelry among existing compititors

In perfect market in Medicare rivelry is high.