Which Model Is Used to Describe the Interaction of External

question 56

Multiple Choice

Which model is used to describe the interaction of external forces that affect an organization's strategy and ability to compete?

• A)Network economics model
• B)Competitive forces model
• C)Competitive advantage model
• D)Demand control model
• E)Agency costs model

---

Definitions:

Promotion

Marketing activities aimed at increasing awareness, interest, and sales of a product or service, often involving advertising, sales, and public relations strategies.

Distribution

The process involved in moving a product from the manufacturer or supplier to the consumer, including transportation, warehousing, and retailing.

Technological Forces

Technological forces are the factors related to technological advancements and innovations that affect the operations, competitiveness, and survival of businesses and industries within the economic environment.

Real-Time Feedback

Instantaneous responses or information provided based on someone's actions or behaviors.