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slavikrds [6]
3 years ago
7

According to Michael​ Porter, the nature of competitiveness in a given industry includes what​ force? A. Bargaining power of​ su

ppliers, vendors, and customers B. Rivalry among competing firms and potential banks to borrow money from C. Bargaining power of​ suppliers, distributors, and creditors D. Potential development of substitute products and bargaining power of consumers E. A comparative financial ratio analysis across competitors
Social Studies
1 answer:
Illusion [34]3 years ago
3 0

Answer:

(D). Potential development of substitute products and bargaining power of consumers

Explanation:

According to Michael Porter, <u>there are five forces that should be analyzed to determine the degree of competitiveness in any industry</u> and they include; the bargaining power of suppliers, the bargaining power of consumers, threat of new entrants, threat of substitute products and the rivalry among competing firms in the industry.

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