In Porter's five factor model, each of the three competitive forces concerns the danger of ________.
A) suppliers favoring rival companies
B) customers taking their business elsewhere
C) investors refusing to back up new projects
D) employees not working towards organizational goals.

Question

Quizplus · Accepted Answer

In Porter's five factor model, the three competitive forces are the threat of new entrants, the threat of substitute products or services, and the bargaining power of customers. Each of these forces concerns the danger of customers taking their business elsewhere. Suppliers favoring rival companies, investors refusing to back up new projects, and employees not working towards organizational goals are not specifically addressed in this model.

In Porter's Five Factor Model, Each of the Three Competitive