Question

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment; these forces are the :

A) Threats of new entrants and the bargaining power of buyers and suppliers.
B) Threats of substitute products and the services and competitive rivalries.
C) Threats of new entrants and substitute products or services, the bargaining power of suppliers and buyers, and competitive rivalries.
D) Threats of government paperwork and tax increases, the bargaining power of suppliers, and competitive rivalries.
E) Bargaining power of suppliers.

Answer 1

Michael Porter proposed that business-level strategies originate from the primary competitive forces in the firm's environment, including threats of new entrants and substitutes, the bargaining power of suppliers and buyers, and competitive rivalries.

Step-by-step explanation:

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment; these forces are the threats of new entrants and substitute products or services, the bargaining power of suppliers and buyers, and competitive rivalries. These forces create the competitive landscape that businesses must consider when developing their strategies. For example, a company that operates in an industry with low barriers to entry and many substitute products will need to focus on differentiation and building strong customer loyalty to maintain a competitive advantage.