According to Porter's strategic planning model, an industry's profit potential is largely determined by the availability of necessary resources to produce the product/service.

Question

Quizplus · Accepted Answer

According to Porter's strategic planning model, an industry's profit potential is largely determined by the level of competition, bargaining power of suppliers and buyers, threat of new entrants, and threat of substitute products or services. The availability of necessary resources is just one of the many factors affecting an industry's profitability.

According to Porter's Strategic Planning Model, an Industry's Profit Potential