The five forces model focuses on _____.
a. the five major weaknesses in a business’s internal environment
b. the five major threats in a business’s external environment
c. the five major strengths in a business’s internal environment
d. the five major opportunities in a business’s external environment
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Answer will be (b) the five major threats in a business's external environment.
The Porter's Five Forces Model or analysis is for withstanding the pressure and competition from external competitors.
In this model the organization lists five major forces that are competing with them in the market. Then they take measures to stay alive in the market.
The Porter's Five Forces Model or analysis is for withstanding the pressure and competition from external competitors.
In this model the organization lists five major forces that are competing with them in the market. Then they take measures to stay alive in the market.
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Heya....
Option B is the right one...
The five forces model focuses on..
The five major threats in business external environment....
This model gives the idea about the outer market competition ....
In this companies formed a set of forces that must be initiate in outer market and planned to survive against them....
Option B is the right one...
The five forces model focuses on..
The five major threats in business external environment....
This model gives the idea about the outer market competition ....
In this companies formed a set of forces that must be initiate in outer market and planned to survive against them....
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