Planning strategy is influenced by the elements of Porter's Five Forces model.

Question

Quizplus · Accepted Answer

Porter's Five Forces model provides insight into the competitive environment surrounding a company, including factors such as industry rivalry, supplier power, buyer power, threat of substitutes, and threat of new entrants. Understanding these factors can help inform a company's planning strategy, such as whether to enter a market or focus on differentiation.

Planning Strategy Is Influenced by the Elements of Porter's Five