Which of the following groups' bargaining power is considered as one of the five competitive forces in Porter's five forces model?
A)customers
B)investors
C)competitors
D)employees

Question

Quizplus · Accepted Answer

Customers are considered one of the five competitive forces in Porter's Five Forces model. The other forces include existing competitors, new market entrants, substitute products or services, and suppliers. Customers can bargain for lower prices or better quality, which can impact a company's profitability and competitiveness.

Which of the Following Groups' Bargaining Power Is Considered as One