Question: These are the five forces of the five forces model.

The five forces model is a strategy for determining a company's competitive position in comparison to its competitors. This approach was created by Michel Porter to showcase a company's strengths and possibilities.

Porter's Five Forces is a straightforward and effective approach for identifying the primary sources of competition in your company or area. The model is based on the following five forces:

1. Buyer power: The ability or power of customers to push prices.

2. Potential entrants: The threat of future market entrants and their capacity to take present market share.

3. Suppliers: To evaluate a supplier's negotiating strength over raw material pricing and lead time.

4. Substitute products: The number of near replacements available in the market for a company's offering and their influence on-demand elasticity.

5. Competitors in the industry: The number of competitors in the industry who may engage in a pricing war.

Hence, this model helped us in understanding the internal and external environments for better decision-making and strategic purposes.