A firm can use its knowledge of the five forces to strengthen its competitive position through ___________.
A) product differentiation
B) leveraging complements
C) backward integrating to reduce supplier power
D) All of these

Question

Quizplus · Accepted Answer

Firms that are able to differentiate a product have a degree of pricing power, complements add value to a product and backward integrating removes supplier power.

A Firm Can Use Its Knowledge of the Five Forces