Which of Porter's five forces best describes the decline of film-based photography?
A) Threat of substitute products
B) Bargaining power of suppliers
C) Threat of new entry
D) Bargaining power of customers
E) Rivalry among existing firms

Question

Quizplus · Accepted Answer

The threat of substitute products is the best choice to describe the decline of film-based photography as digital cameras and smartphones have become popular substitutes for traditional film-based photography. They offer many advantages like quick results, lower cost, and convenience, making them a more attractive option for customers.

Which of Porter's Five Forces Best Describes the Decline of Film-Based