Which of the following components was an extension of Porter's original five forces model?
A) Risk of entry by potential competitors
B) The intensity of rivalry among established companies within an industry
C) The bargaining power of buyers
D) The bargaining power of suppliers
E) The lack of substitutes for an industry's products

Question

Quizplus · Accepted Answer

The risk of entry by potential competitors is an extension of Porter's original five forces model. The original five forces include the intensity of rivalry among established companies within an industry, the bargaining power of buyers, the bargaining power of suppliers, the threat of substitutes for an industry's products, and the potential entry of new competitors. However, the risk of entry by potential competitors is not explicitly stated in the original model.

Which of the Following Components Was an Extension of Porter's