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The ________ model is an analytical tool used in business strategy to provide insights into future opportunities and threats. Select one: a. delphi b. baysean c. five-forces-plus d. structured equation

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Answer:

The correct answer is letter "C": five-forces-plus.

Explanation:

Porter's Five Forces is an analytical scheme developed by American economist and Professor Michael E. Porter (born in 1947) that enables business managers to measure the level of competition within their company's industry and thus evaluate current threats and future market opportunities. According to Porter, those forces are:

  • Competitors
  • The threat of entry of new entities
  • Power of suppliers
  • Power of customers
  • Threat of substitutes

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