According to Porter, which of the following is one of the five forces that affect industry competition?

A) bargaining power of intermediaries
B) market share
C) market growth rate
D) substitute products
E) workplace diversity

Substitute Products

Goods or services that can be used in place of each other, offering consumers alternatives that fulfill the same need or function.

Porter

Refers to Michael E. Porter, a prominent academic known for his theories on economics, business strategy, and competitive advantage.

Workplace Diversity

The inclusion of individuals of various genders, races, ethnicities, ages, sexual orientations, religions, and physical abilities in the workplace.