According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:
A)Threat of entry of new competitors
B)Political and/or economic factors
C)Bargaining power of suppliers
D)Threat of substitute products/services

Question

Quizplus · Accepted Answer

Although political and economic factors may affect a company's performance in an industry, they are not specifically listed as one of the five major factors in Porter's Five Forces Model. The five factors are the threat of entry of new competitors, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and rivalry among existing competitors.

According to the Five Forces Model Developed by Harvard University