According to the textbook, the Five Forces model can be used in the following two ways: ________.
A) first, to help a firm determine whether it should enter an industry in an aggressive or a conservative manner, and second, to help a firm determine whether to compete in international markets in that industry.
B) first, to help a firm determine if it should enter a single or multiple niches in an industry, and second, to help a firm determine whether it can be competitive in that industry
C) first, to help a firm determine what industry it is best equipped to compete in, and second, to help a firm determine whether to compete in international markets in that industry
D) first, to help a firm determine what niche to enter within an industry, and second, to help a firm determine whether it can be competitive in that industry
E) first, to help a firm determine whether it should enter a particular industry, and second, to help a firm discern whether it can carve out an attractive position in that industry

Question

Quizplus · Accepted Answer

The Five Forces model can be used first to help a firm determine whether it should enter a particular industry, and second to help a firm discern whether it can carve out an attractive position in that industry. This means the best answer is E, as it is the only option that matches this description. The other options either do not accurately describe the use of the Five Forces model, or are incomplete or inaccurate.

According to the Textbook, the Five Forces Model Can Be