The five forces model expands the arena of competitive analysis beyond direct competitors (i.e.,rivals)to include buyers and suppliers who may also be a source of competition.

Name: The five forces model expands the arena of competitive analysis beyond direct competitors (i.e.,rivals)to include buyers and suppliers who may also be a source of competition.
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Question

Quizplus · Accepted Answer

The statement correctly describes the five forces model, which considers the power of buyers and suppliers in addition to direct competitors.

The Five Forces Model Expands the Arena of Competitive Analysis