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Question
Which of the following statements is true of Porter's five-force model?A. It states that the attractiveness of an industry is unaffected by the industry's degree of rivalry.
B. It fails to acknowledge the role of substitutes for customers.
C. It is often used in practice to assess a specific firm's external environment.
D. It states that oligopolistic industries are less competitive if firms choose to engage in price wars.
Answer
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Related questions
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D. the product design is adopted by the majority of producers.
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A. the product is no longer profitable.
B. it becomes difficult for competitors to imitate.
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