According to the Five Forces framework, a seller's existing competitors determine the _____ and _____ of existing competition.
A)level; price
B)market supply; market demand
C)type; intensity
D)seller demand; market demand

Question

Quizplus · Accepted Answer

The Five Forces framework by Michael Porter identifies the intensity and type of existing competition as key determinants influenced by a seller's existing competitors. This framework assesses how these factors shape the competitive environment.

According to the Five Forces Framework, a Seller's Existing Competitors