The industry-wide effect of the five forces will determine industry attractiveness.

Question

Quizplus · Accepted Answer

The five forces model is used to analyze the competitiveness of an industry based on five factors: competitive rivalry, threat of new entrants, bargaining power of suppliers, bargaining power of buyers, and threat of substitutes. The combination and intensity of these forces will determine the attractiveness of the industry. Therefore, the industry-wide effect of the five forces is crucial in determining industry attractiveness.

The Industry-Wide Effect of the Five Forces Will Determine Industry