In Porter's five forces 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 new projects
D)employees not working toward organizational goals

Question

Quizplus · Accepted Answer

The three competitive forces in Porter's five forces model are the threat of new entrants, the threat of substitute products or services, and the bargaining power of customers. None of these forces relate to suppliers, investors, or employees. Option B refers to the possibility of customers opting for competitors, which is a significant threat to an organization's competitiveness.

In Porter's Five Forces Model,each of the Three Competitive Forces