1)Explain the Five Forces Framework and Industry Profitability of Michel Porter.

2)Describe the four market structures of Perfect Competition, Monopoly, Monopolistic Competition, and Oligopoly.

3)Analyze the relation between the five forces and different market structures.

Apply your understanding in the evolution of the market in the computer industry 

 

Based on this above points can you please write

Porter's 5 Forces are deals that analysis model which assists to elaborate why various businesses are able to maintain different stages of profitability.

Step-by-step explanation

Competition on the Industry

The bigger the figure on competitors, along by the figure on equivalent goods or services they present, the minor the power on a business.

Potential on Fresh Entrants in the Industry

A business's authority is affected with the force on fresh entrants in the market. The fewer time or money it costs on a competitor to get into a business's market the more effective competitor will establish business's position resulting to significantly weakened company.

Power of Suppliers

Power on suppliers may affect a number of suppliers in main inputs of a product and service, how exceptional these contributions are, or how much they would cost a business to shift to other supplier. The lesser suppliers to company, and more company will depend in a supplier.

Power on Customers

This is affected with how many consumers a business has, how important each consumer is, or how much will cost a business to find fresh consumer for its output. The fewer or more powerful consumer is, hence customer become more powerful to negotiate on lower costs and good deals (Belton, 2017).

Threat on Substitutes

Substitute products and services that may be utilized in place on a company's goods and services pose a threat. Businesses which produce products and services on which there are without near substitutes would have more control to raise prices and fasten on favorable terms.