Which of the following is an element of Michael Porter's model for analyzing the competitive environment of an organization?
A)substitutes
B)cost strategy
C)societal trends
D)regulatory forces
E)demographics

Question

Quizplus · Accepted Answer

Substitutes are one of the five forces in Michael Porter's model, which also includes the threat of new entrants, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.

Which of the Following Is an Element of Michael Porter's