Limitations to Porters five forces model include:
A) A failure to take into account network effects
B) A failure to take into account non-competitive products
C) A failure to take into account services
D) A failure to acknowledge all of the industry forces

Question

Quizplus · Accepted Answer

Porter's five forces model does not account for network effects, which can have a significant impact on competition within an industry. Additionally, the model doesn't account for the presence of non-competitive products, which can also affect the industry. While the model does consider services as one of the forces, it may not fully account for the complexities of service industries. Finally, the model acknowledges the key industry forces, but may not consider all potential factors that could impact competition.

Limitations to Porters Five Forces Model Include