Question

the more products or services that meet particular needs, the less profitability there is in an industry. which of porter’s five forces addresses this idea

Answer 1

Five forces model was created by M. Porter in 1979 to understand how five key competitive forces are affecting an industry. The five forces identified are:

Threat of new entrants.

Bargaining power of suppliers.

Bargaining power of buyers.

Threat of substitutes.

Rivalry among existing competitors