Porter’s five forces model

Who developed Porter's Five Forces model?

• 
  Warren Buffett

• Philip Kotler

• Henry Ford

• Michael Porter

In which year was Porter's Five Forces model introduced?

• 1979

• 1985

• 1990

• 1995

What is the primary purpose of Porter's Five Forces model?

• To analyze market competition

• To determine pricing strategies

• To assess customer satisfaction

• To evaluate employee performance

Which of the following is NOT one of the Five Forces in Porter's model?

• Threat of new entrants

• Bargaining power of suppliers

• Market share analysis

• Threat of substitute products

What does the 'Bargaining Power of Buyers' in Porter's Five Forces model refer to?

• The ability of customers to influence pricing

• The power of suppliers to dictate terms

• The threat of new competitors entering the market

• The impact of substitute products on sales