According to the Five Forces Model, there are five competitive forces that determine the level of ________ in an industry.
A) competition and profitability
B) entry and exit
C) product differentiation
D) supply and demand

Question

Quizplus · Accepted Answer

The Five Forces Model, developed by Michael Porter, outlines five competitive forces that shape every industry and market, which in turn determine the intensity of competition and thus the profitability of an industry. These forces are the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.

According to the Five Forces Model, There Are Five Competitive