According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except:

Question

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Technological IT superiority is not a major factor that determines a company's standing in an industry according to the Five Forces Model. The other three factors listed (competitive rivalry, bargaining power of suppliers, and bargaining power of customers) are all significant determinants of a company's position in an industry.

According to the Five Forces Model Developed by Harvard Business