Porter's Five Forces Model is used to evaluate competition based on which 5 aspects?
A) research and development, cost, legal regulations, suppliers, customers
B) immediate rivals, potential entrants, customers, suppliers, and substitute products
C) potential entrants, customers, suppliers, legal regulations, and cost
D) immediate rivals, potential entrants, cost, substitute products, and legal regulations
E) none of the above

Question

Quizplus · Accepted Answer

Porter's Five Forces Model evaluates competition based on the following five aspects: immediate rivals, potential entrants, customers, suppliers, and substitute products. Option B includes all five aspects listed in the model. The other options either miss out on one or more aspects or include irrelevant factors such as research and development or legal regulations.

Porter's Five Forces Model Is Used to Evaluate Competition Based