The ________ model is used to describe the interaction of external forces that affect an organization's strategy and ability to compete.
A) network economics
B) competitive forces
C) competitive advantage
D) demand control

Question

Quizplus · Accepted Answer

The competitive forces model, also known as Porter's Five Forces model, is used to analyze the competitive environment of an industry and the potential impact of external forces on an organization's strategy and ability to compete. The model identifies five key forces: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and the intensity of competitive rivalry. This model helps organizations to understand their competitive position and make informed strategic decisions.

The ________ Model Is Used to Describe the Interaction of External