Which of the following statements about Porter’s Five Forces is correct? Group of answer choices None of the statements are correct It is a tool for assessing whether a resource or capability might lead to a sustained competitive advantage Both of the statements are correct It is comprised of two categories of threats—internal and external threats.
Which of the following statements about Porter’s Five Forces is correct? Group of answer choices None of the statements are correct It is a tool for assessing whether a resource or capability might lead to a sustained competitive advantage Both of the statements are correct It is comprised of two categories of threats—internal and external threats.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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Which of the following statements about Porter’s Five Forces is correct?
Group of answer choices
None of the statements are correct
It is a tool for assessing whether a resource or capability might lead to a sustained competitive advantage
Both of the statements are correct
It is comprised of two categories of threats—internal and external threats.
Expert Solution
Step 1
A porters five force theory is theory which is used to understand the competition in the market due to new entrants in the market,new substitute, threat of suppliers,competitive rivalry etc.
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