Chapter #2 case:Say "charge it" with your Cell Phone (Q2)

QUESTION 2:

 Using the Porter's Five forces describe the barriers to entry for this new technology

By using this Porter's five forces  it will describe you the barriers that may occur in this update of world technology. First is the treat of substitute products and services. For example,from the case where the company substitute the credit card into a cell phone , the barriers is it's may be not fulfill the customer satisfaction. As some customer more prefer the easy way to purchase something. Next is,buyer power. The power of buyer is quite complicated as it was depends to the buyer by making choices either they want to choose the traditional phone or the cell phone. This is due to the easy way on how to use the product this century. Lastly is treat of the new entrance. This may exist due to the new product that entrance our industry and compete with other product which is give good application to our benefits.For example Apple, HTC, Samsung and etc. this mobile company is produce different product with its own creativity and benefits.