Question

Porter's competitive forces model identifies ________ major forces that can endanger or enhance a company's position in a given industry.

Answer 1

The correct answer is 5.

Managers and analysts may better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.

What are the five competitive forces identified by Porter?

Porter identifies five factors as the main sources of competitive pressure within an industry. They are as follows:

a) rivalry in a healthy way.

b) supplier strength.

c) consumer power

d) threat of replacement

e) a potential new entry.

What is the operation of Porter's competitive force model?

These factors affect a company's profitability by affecting the quantity and strength of its rivals in the market, possible new market entrants, suppliers, consumers, and replacement goods. Business strategy may be guided by a Five Forces analysis to boost competitive advantage.

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