Porter's model includes the bargaining power of which of the following groups as one of the five factors?
A)investors
B)competitors
C)employees
D)customers

Question

Quizplus · Accepted Answer

Porter's model includes the bargaining power of customers as one of the five factors, also known as the buyer power. The other factors include supplier power, threat of new entrants, threat of substitute products or services, and competitive rivalry. The bargaining power of customers refers to their ability to influence the price and quality of products or services, as well as the level of competition among businesses.

Porter's Model Includes the Bargaining Power of Which of the Following