The state of competition is an industry,according to Porter,depends on ______ basic forces.
A) 3
B) 5
C) 8
D) 2

Question

Quizplus · Accepted Answer

Porter identifies five basic forces that determine the state of competition in an industry. These five forces are: the threat of new entrants, the bargaining power of suppliers, the bargaining power of customers, the threat of substitute products or services, and the intensity of competitive rivalry.

The State of Competition Is an Industry,according to Porter,depends on ______