According to Porter's competitive forces model,there are five major forces in an industry that affect the degree of competition.Those five forces impact:
A)sales.
B)profit margins.
C)marketing.
D)expenses.

Question

Quizplus · Accepted Answer

The five major forces in Porter's competitive forces model are the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and rivalry among existing competitors. These forces impact the profit margins within an industry by affecting the prices, costs, and overall competitiveness of firms. The other choices, sales, marketing, and expenses, may also be affected, but not to the same degree as profit margins.

According to Porter's Competitive Forces Model,there Are Five Major Forces