In Porter's five factor model,each of the three competitive forces concerns the danger of ________.
A)suppliers favouring rival companies
B)customers taking their business elsewhere
C)employees not working toward organisational goals
D)investors refusing to back new projects

Question

Quizplus · Accepted Answer

The three competitive forces in Porter's five factor model are threat of new entrants, threat of substitute products or services, and bargaining power of customers. These forces all concern the danger of customers taking their business elsewhere, which could lead to a decline in sales and profits for the company. Options A, C, and D are not part of the competitive forces in this model.

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