True of porter five-force model

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Reference no: EM131114793

Which of the following statements is true of Porter’s five-force model?

It states that the attractiveness of an industry is unaffected by the industry’s degree of rivalry.

It fails to acknowledge the role of substitutes.

It is often used, in practice, to assess a specific firm’s external environment.

It emphasizes the stakeholder management issues that are likely to impact the firm’s financial performance.

Reference no: EM131114793

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