Consider yourself in a leather industry. How would you do competitive analysis of your product leather jacket?

Question

Answer this question with the help of Porter’s Forces Model.

Answer 1

Porter's Model highlights five threats
Threats from Competitors : Know ur competitiors, the quality of their jacket, their target base, the location of their shops and their pricing.
threats from new enterants : know the companies who want to get into leather jackets. know their strategies
threats from substitue products : create a difference between ur product and the substitute. why is ur product better and more useful and viable than the substitue product and ur competitior's product. answer that question boldly in ur advertisments.
buying power of customers : price should be competitive as customers will bargain. keep ur margin low but DO NOT reduce quality.
bargaining power of suppliers : upto ur negotiation skills

Answer 2

I would have to think about it