Porter's 5 forces Analysis applied on the business project Assignment

Porters 5 forces Analysis applied on the business regorge - Assignment ExampleIn case the current suppliers change prices or block supply, we can invariably switch to former(a) suppliers without really experiencing switching costs as such.The bargaining power of customers however is low-keyed significant here. As we know a of paints will be produced, and some might be of lofty quality and some just normal, so its clear that not all will sale. Those that will sale, their prices would be fixed by their demand or how much people are willing to pay. Therefore in this given case, the customers power seems to play a significant role as it is completely up to them to find out what they want to buy and what not to.There are no substitute products to paintings in the UAE market as such besides frames designed with the help of graphics manipulation. However, they cant really even be referred as a substitutes to fanciful Minds paintings as the customers view these two medium of art diffe rently and generally travel by made painting are valued much more then ones drawn with the help of in writing(p) softwares.Creative Minds dont really face a threat of new entrants since in the UAE market, the concept of helping physically disabled by getting them to make paintings is somewhat new. Even if new entrants come in, the position of Creative Minds wont change as philanthropists, once they start to support a project like lets tell Creative Minds, they dont really back out. And there are always new people coming in to help charities.Finally, there is no real competitive rivalry in this industry. Paintings are items whos price is determined by the buys and not by the free market mechanism. Competition would arise when suppliers set prices with regards to each other or play with non price items. However, thats so not the case with the industry Creative Minds works