According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:
A)Competitive rivalry among firms existing in the industry
B)Bargaining power of suppliers
C)Bargaining power of customers or buyers
D)Technological (IT)superiority

Question

Quizplus · Accepted Answer

The Five Forces Model developed by Michael Porter includes competitive rivalry, bargaining power of suppliers, bargaining power of customers/buyers, threat of new entrants, and threat of substitute products/services. Technological (IT) superiority is not one of the factors included in the model.

According to the Five Forces Model Developed by Harvard University