The five forces framework is based on the S-C-P model and identifies the five most common threats facing firms from their local competitive environment and the conditions under which these threats are more or less likely to be present.

Question

Quizplus · Accepted Answer

The statement accurately describes the five forces framework, which is based on the S-C-P model and aims to identify threats from the competitive environment that are most likely to affect firms.

The Five Forces Framework Is Based on the S-C-P Model