Question

Which one of the following is a method of evaluating the external environment in which a company operates that explicitly involves an assessment of the following: the threat of new entrants,) the threat of substitute products of services, the bargaining power of buyers, the bargaining power of suppliers, and the rivalry among existing firms?

Select one:

a. Mission and Vision Statement

b. SWOT Analysis

c. Five Forces Model

d. Strategic Management

Answer 1

c. Five Forces Model

the threat of new entrants the threat of substitute products of services, the bargaining power of buyers, the bargaining power of suppliers, and the rivalry among existing firms were the variables used by Porter in five forces model.