Michael Porter's Five Forces model is a well-known model that helps managers isolate forces in the external environment that are potential threats.

Name: Michael Porter's Five Forces model is a well-known model that helps managers isolate forces in the external environment that are potential threats.
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Question

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Michael Porter's Five Forces model is designed to analyze the competitive forces in an industry, which can pose threats to a company's profitability and strategy.

Michael Porter's Five Forces Model Is a Well-Known Model That