Question: A well - known model that helps managers focus on the five most important competitive forces, or potential threats, in the external environment is Michael

A well-known model that helps managers focus on the five most important competitive forces, or potential threats, in the external environment is Michael Porters five forces model. Which of the following make up the five forces model (select all that apply)
a.
The power of small suppliers
b.
The potential for entry into an industry
c.
The power of large customers
d.
The threat of substitute products:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!