The Five Forces Model helps illustrate the five competitive forces that determine the ________ in an industry.

Question

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The Five Forces Model, developed by Michael Porter, is used to analyze an industry's competitive environment. It focuses on understanding the level of competition and how it affects profitability by examining five key forces: the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.

The Five Forces Model Helps Illustrate the Five Competitive Forces