Which of the following is a drawback of Porter's five forces model? Group of answer choices a.
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Question:
Which of the following is a drawback of Porter's five forces model?
Group of answer choices
a. The model describes competition narrowly as a firm's closest competitors.
b. Managers cannot determine the changing speed of an industry or the rate of innovation.
c. It fails to provide a basis for deriving implications for a firm's strategic position within an industry.
d. The model fails to consider that threat of substitutes can come from outside a given industry.
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