Based on Porter's Competitive Forces Model, your competitors in the music records industry are:
- Websites sell CD and Vinyls.
- Reckless Records
- Roku
<h3>What Porter's Five Forces of competition?</h3>
In the book, titled "Competitive Strategy: Techniques for Analyzing Industries and Competitors" which was published by Michael E. Porter in 1980, Porter proposed a five forces model of competition which is widely used for analyzing competitions, attractiveness and profitability in businesses.
Generally, Michael E. Porter's Five Forces of competition include the following;
- Threat of substitute products or services.
- Threat of new entrants into the industry.
- Power of customers.
- Power of suppliers.
- Industry competition.
Read more on Porter's Competitive Forces Model here: brainly.com/question/14632175
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Complete Question:
With your patience in music, you got a part-time job at Rolling Stone Records Store in Chicago. Your boss, Ty Jacob, has asked you to analyze the music records industry using Porter's Competitive Forces Model. Who are your competitors in the music records industry? (This question has multiple answers.)
-Websites sell CD and Vinyls
-Disney Store
-Reckless Records
-Hyde Parks Records
-Roku