Interaction of the factors of rivalry among competitors, bargaining power of customers, the threat of substitute products or services, bargaining power of suppliers, and threat of new entrants to the industry can be assessed through a tool known as the __________.
A) Five Forces Model
B) Internal-External Model
C) Bargaining Model
D) Competitive Advantage Model
E) Interaction Assessment Model

Question

Quizplus · Accepted Answer

The Five Forces Model, developed by Michael Porter, is a framework for analyzing an industry's competitive environment. It includes the interaction of the factors of rivalry among competitors, bargaining power of customers, the threat of substitute products or services, bargaining power of suppliers, and the threat of new entrants.

Interaction of the Factors of Rivalry Among Competitors, Bargaining Power