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Michael Porter's five forcesFive forces -- the bargaining power of customers, the bargaining power of suppliers, the threat of new
entrants, and the threat of substitute products -- combine with other variables to influence a fifth force,
the level of competition in an industry
2011/4/7 ●๋•ιмяαη αℓι●๋• <candle.in.winds@gmail.com>
I think the answer is 1st.... Plz check and reply...
Question No: 10 ( Marks: 1 ) - Please choose one
Which of the following statements is correct in relation to the Five Forces framework?
► The framework is a means of identifying the forces which affect the level of competition in an industry
► The framework identifies the major stakeholders of an organization
► The framework assists in developing a broad perspective on the environment within which an organization operates
► It is not appropriate in public sector management and for small organizations
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