As a rule, the collective impact of competitive pressures associated with the five competitive forces
A)determines the strength of the industry's driving forces.
B)determines the extent of the competitive pressure on industry profitability.
C)means that fewer companies can achieve a competitive advantage via anything other than being the industry's low-cost leader.
D)means there will be a larger number of competitive advantage opportunities for industry members.
E)means there will be a greater number of industry key success factors.

Question

Quizplus · Accepted Answer

The five competitive forces collectively determine the extent of competitive pressure on industry profitability. This includes factors such as the bargaining power of suppliers and buyers, threat of new entrants, competitive rivalry among existing firms, and the threat of substitute products or services. The strength of the industry's driving forces and key success factors may also be influenced by these competitive pressures, but they are not directly determined by them.

As a Rule, the Collective Impact of Competitive Pressures Associated