Porter's Five Forces is of limited use in a young industry.

Name: Porter's Five Forces is of limited use in a young industry.
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Question

Quizplus · Accepted Answer

Porter's Five Forces is designed to analyze competitive forces in established industries with well-defined market boundaries and established competitors. In a young industry, market boundaries are still developing and competitors are not yet well-established, making Porter's Five Forces less effective in analyzing the competitive landscape.

Porter's Five Forces Is of Limited Use in a Young