Porter's five-forces model identifies forces that determine the basic structure of an industry.

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Porter's five-forces model is a widely used framework for analyzing industries and competition. It identifies five key forces that shape the competitive environment of an industry, including the threat of new entrants, the bargaining power of suppliers and buyers, the threat of substitutes, and the intensity of competitive rivalry. By analyzing these forces, companies can better understand the structural dynamics of their industry and develop strategies for competing effectively.

Porter's Five-Forces Model Identifies Forces That Determine the Basic Structure