You have been asked by your boss to analyze a smaller firm they are considering acquiring using Porter's five forces model to determine if it provides competitive advantages. You are to explain to senior management how Porter's five forces framework assesses the competitive landscape and industry threats by examining the bargaining power of suppliers and buyers, threat of new entrants and substitute products, and intensity of rivalry. Applying this model would help evaluate if acquiring this firm would strengthen your company's position and long-term prospects against industry competitors.