Information-based industries experience the greatest threat from the _________ in Porter's competitive forces model.
A) Bargaining power of customers
B) Bargaining power of suppliers
C) Rivalry among existing firms in the industry
D) Threat of entry of new competitors
E) Threat of substitute products or services

Question

Quizplus · Accepted Answer

Information-based industries are highly susceptible to the threat of substitute products or services because technological advancements can easily lead to new and innovative alternatives that fulfill the same needs.

Information-Based Industries Experience the Greatest Threat from the _________ in Porter's