Which model is used to describe the interaction of external forces that affect an organization's strategy and ability to compete?
A)network economics model
B)competitive forces model
C)competitive advantage model
D)demand control model
E)agency costs model

Question

Quizplus · Accepted Answer

The competitive forces model, also known as Porter's Five Forces, is used to analyze and describe the interaction of external forces that affect an organization's strategy and ability to compete in the industry. These forces include the threat of new entrants, bargaining power of buyers and suppliers, threat of substitute products or services, and rivalry among existing competitors.

Which Model Is Used to Describe the Interaction of External