Question: Using the five - forces model to determine the nature and strength of competitive pressures in a given industry involves building the picture of competition
Using the fiveforces model to determine the nature and strength of competitive pressures in a given industry involves building the picture of competition in three steps. The first step involves:
Question Select one:
a
evaluating whether the pressures stemming from the five forces are weak or moderate.
b
identifying the different parties involved for each of the five forces.
c
ensuring that the pressures of the five forces are sufficiently strong.
d
assessing whether the amount of profits earned are aligned with the company's strategic plans.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
