Porter's Five Forces Model is useful for assessing ______.

Question

Quizplus · Accepted Answer

Porter's Five Forces Model is used to assess the competitive environment and identify threats to a business, such as competition from existing firms, the bargaining power of suppliers, the bargaining power of buyers, the threat of new entrants, and the threat of substitute products. It is not used to identify weaknesses, strengths, or opportunities, but rather to understand the potential risks and challenges facing a business. Therefore, the correct choice is D) threats and identifying possible partnerships.

Porter's Five Forces Model Is Useful for Assessing ______