The five-forces model recognizes that suppliers can become a firm's competitors, as can buyers.

Name: The five-forces model recognizes that suppliers can become a firm's competitors, as can buyers.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

The five-forces model includes the bargaining power of suppliers and buyers as one of the forces that can impact a firm's competitive position. In some cases, suppliers or buyers may also become direct competitors of the firm.

The Five-Forces Model Recognizes That Suppliers Can Become a Firm's