Myra's strategy of "Cost Leadership" is suitable for Porter's Five Forces Analysis. In terms of buyer or supplier power, UMUC Haircuts is not large enough to have much of an impact on change, but it will have some kind of impact on minimizing the threat of substitute products by providing a quality service that consumers are not capable of. able to acquire by doing it yourself. Myra may not have the capabilities to prevent newcomers from entering the industry, but it has the ability to adapt and remain a contender among competitors. Myra would need to distinguish itself from other competitors by providing strong customer service as well as a fun environment that results in creating customers