Question

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

Answer 1

Answer:

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

Explanation:

According to Michael Porter, there are five forces that should be analyzed to determine the degree of competitiveness in any industry 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.