Under the industry-structure model, the key force around which all others revolve in an industry is ________.
A) customer preferences
B) resource allocation
C) rivalry
D) human resources

Question

Quizplus · Accepted Answer

The industry-structure model, also known as Porter's Five Forces Model, identifies five key forces that shape the competitive environment in an industry. These forces include the threat of new entrants, bargaining power of buyers, bargaining power of suppliers, threat of substitute products or services, and rivalry among existing competitors. Of these forces, rivalry is considered the key force around which all others revolve, as it reflects the intensity of competition among existing competitors in the industry.

Under the Industry-Structure Model, the Key Force Around Which All