Porter's Five Forces Model is used to evaluate competition based on which 5 aspects?
A) research and development, cost, legal regulations, suppliers, customers
B) immediate rivals, potential entrants, customers, suppliers, and substitute products
C) potential entrants, customers, suppliers, legal regulations, and cost
D) immediate rivals, potential entrants, cost, substitute products, and legal regulations
E) cost, legal regulations, advertising effectiveness, potential entrants, and immediate rivals

Question

Quizplus · Accepted Answer

Porter's Five Forces Model evaluates competition based on immediate rivals, potential entrants, customers, suppliers, and substitute products. Options A, C, D, and E include some of these aspects but are not comprehensive enough.

Porter's Five Forces Model Is Used to Evaluate Competition Based