All of the following are specified by Michael Porter as factors that determine the nature and degree of competition in an industry except
A) threat of new competitors.
B) rivalry among existing competitors.
C) industry cost/price structure.
D) bargaining power of buyers and/or suppliers.

Question

Quizplus · Accepted Answer

Michael Porter's Five Forces framework identifies the following factors that determine the nature and degree of competition in an industry: threat of new competitors, rivalry among existing competitors, bargaining power of buyers and/or suppliers, threat of substitution, and industry cost/price structure. Therefore, all of the options listed except C are specified by Michael Porter.

All of the Following Are Specified by Michael Porter as Factors