Question

Which of the following constitute​ Porter's 5 factor​ model?

A. Threat of new​ entrants, threat of​ partners, bargaining power of​ buyers, bargaining power of​ suppliers, current rivalry
B. Threat of new​ entrants, threat of​ improvers, bargaining power of​ buyers, bargaining power of​ suppliers, current rivalry
C. Threat of new​ entrants, threat of​ substitutes, bargaining power of​ buyers, bargaining power of​ suppliers, future rivalry
D. Threat of new​ entrants, threat of​ substitutes, bargaining power of​ buyers, bargaining power of​ suppliers, current rivalry

Answer 1

Answer:

D. Threat of new​ entrants, threat of​ substitutes, bargaining power of​ buyers, bargaining power of​ suppliers, current rivalry

Explanation:

Porter's 5 Factor Model is also known as Porter's five forces. Michael E. Porter was a Professor from Harvard Business School. The model is usually applied in an industry to identify the forces that compete to shape the industry. Put differently, these five forces help to analyse an industry's Strength, Weaknesses, Threats and Opportunities (SWOT) Analyses.

As detailed in the answer, the five categories in Porter's model are;  Competitors in the industry, Potential of new entrants in the industry, Power of suppliers, Power of customers and the threat of substitute products.