Porter's approach to the industry analysis does not include ______.
A
bargaining power of suppliers
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
technological advantage
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
bargaining power of customers
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
threat to new entrants
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B technological advantage
Porter identified five factors that act together to determine the nature of competition within an industry. These are Suppliers bargaining Power, Buyer's bargaining Power, Competitive Rivalry, threat of substitution and threat of new entry.