Which of the following statements is true of Porter's five-force model?

Question

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Porter's five-force model is often used to assess the external environment of an industry, including factors such as the intensity of competition, bargaining power of suppliers and buyers, and the threat of new entrants and substitutes. It is not specifically focused on stakeholder management or the overall attractiveness of an industry. Option A is incorrect because the degree of rivalry is a key factor in determining industry attractiveness according to Porter's model. Option B is incorrect because substitutes are explicitly considered in the model.

Which of the Following Statements Is True of Porter's Five-Force